Build Back Better? The Future of the US-China Economic Relationship

President Trump's trade and technology wars against China have on net created a lose-lose-and-lose outcome for the two countries and the rest of the world. Can the situation change to a win-win-and-win pattern under a Biden administration? This will require some fact-based diagnosis of the nature of the economic frictions. It may also require a different kind of bilateral discussions focusing more on structural reforms in China rather than numerical import targets, depoliticization of trade policies by all parties, multilateral efforts at WTO reforms, and considerations of trade and economic relations in a larger context of addressing major challenges to the global society including climate change management.