Henry Huiyao Wang on building mechanisms for managed interdependence

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Below is the latest comment by Henry Huiyao Wang, Founder of the Center for China and Globalization (CCG), on U.S. President Donald Trump’s upcoming visit to China.Build mechanisms for managed interdependenceAs President Donald Trump visits China, much attention will focus on what immediate deals and dialogue might emerge: from possible cooperation on urgent geopolitical crises from Ukraine to the Middle East, or on bartering over tariffs, aircraft, and agricultural goods. While these questions matter, the greater significance of the visit is how the United States and China are moving, however unevenly, toward a new normal of managed coexistence between deeply interdependent peers.Trump’s visit is an opportunity to give that reality form — new mechanisms from trade and investment to security and crisis-management that stabilize competition while creating room for cooperation on global challenges.For years, the bilateral relationship has been framed through the language of decoupling, de-risking, and strategic rivalry. Yet the facts of interdependence have proved more durable than the rhetoric. International trade has stubbornly held on and major American companies continue to see China as an indispensable market, manufacturing ecosystem, and source of growth. China, for its part, remains deeply embedded in global supply chains and has shown that it can withstand pressure and retaliate when necessary. Neither side can coerce the other into submission. Recent exchanges in the United States suggest that this resilience of interdependence is beginning to register not only in ma…