The U.S.-China Relationship in the Months Ahead

In the wake of the Trump-Xi Summit in Beijing, Basilinna's leading China experts respond to the question: which new stabilizing forces—or points of friction—are most likely to shape the U.S.-China relationship in the months ahead? 

By Chynna Hawes

June 17, 2026

One impactful stabilizer or potential point of friction will be state and local relations, particularly in the U.S. We've seen recently how industries with no apparent national security concern can attract negative political scrutiny because they raise local concerns around economic competition.

There are a lot of questions around how the Board of Investment will operate – one impactful stabilizer or potential point of friction will be state and local relations, particularly in the U.S. We've seen recently how industries with no apparent national security concern can attract negative political scrutiny because they raise local concerns around economic competition.

Some of these Chinese firms were at the state dinner in Beijing, including Fuyao glass. Chinese industries and companies that get an all clear from the Board of Investment may still face public push back and political scrutiny that could be disruptive to the broader relationship. That risk will only increase as we get closer to the November midterms — and the September visit by President Xi to the U.S.

Chynna Hawes

Senior Vice President

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