Over the past year, Donald Trump has vowed to “utterly destroy” ISIS, considered lifting sanctions on Russia, promised to cancel the Paris climate agreement and “dismantle” the Iran nuclear deal. But many of his most inflammatory statements are directed at China. He has promised to label China as a “currency manipulator,” suggested he will dispense with the “one China policy,” and threatened to slap a 45 percent tariff on Chinese imports. His nominee for Secretary of State, Rex Tillerson, has said China should be barred from accessing the islands it built in the South China Sea. Trump leases office space to the state-owned Industrial and Commercial Bank of China, and his son-in-law and advisor Jared Kushner is in talks with Chinese insurance conglomerate Anbang.
What areas of the U.S.-China relationship carry the greatest risks for the new administration? And what should Trump and his advisors do to reduce—or at least, smartly calculate—them? —The Editors