China has an increasing opportunity to share global leadership. Unless the U.S. recognizes U.S.-China relations as a positive-sum game, China may eventually surpass the U.S. economically through global leadership and innovation.

Founding Father, Benjamin Franklin once said “No nation was ever ruined by trade.” President Donald J. Trump seems determined to prove Franklin wrong. On April 29, 2017, Trump directed the Commerce Department and the Office of the U.S. Trade Representative to review all of America’s recent trade agreements. He wants trade officials to determine if America is being treated “fairly” by it trade partners.

President Trump’s first budget is a preliminary fulfillment of his promises to increase defense spending, improve military readiness, and strengthen the armed forces. But special interests in Congress – and some big legal questions – make its final adoption and form unpredictable.

US President Donald Trump has announced that the United States will no longer participate in the 2015 Paris climate agreement, the landmark United Nations treaty that many of us worked so hard to achieve. Trump is making a mistake that will have grave repercussions for his own country, and for the world.

The president’s overly rosy forecasts and tensions with Congress over alleged Russian meddling in last year’s US election mean a bumpy road ahead for his budget legislation. What Trump finally gets will probably a dramatically modified budget plan or an interim short-term deal that limits his administrative space.

Recently, President Trump released a U.S. tax cut plan to re-shore U.S. corporate revenues. Some expect it to cause great challenges to manufacturing and capital outflows from China. The realities are more complex.

By the early 2020s, rivalry for innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has embraced a rich-economy policy.

The new US president has demonstrated his ability to act and a sense of urgency to “Make America Great Again” through a flurry of executive orders, and he will recognize that the United States and China, the two most important countries in the 21st century, can work to ensure that the American Dream and the Chinese Dream will go hand in hand with no contradiction.

President-elect Trump aims to increase the growth of the U.S. economy to 3 to 4 percent annually while stimulating domestic employment. The Trump Administration will be unable to meet these goals unless officials find a way to encourage and foster the internet economy and digital trade.

The full American tax reform is an enormous topic, but its impact at home is what matters, not whether the trade deficit barrows. Similarly, Beijing will respond forcefully to anything like a 35% across-the-board tariff aimed only at China. But in the case of the current BAT, China is best served by focusing on fixing its own house.