The US and Chinese economies are tangled together. Until 2016, their entanglement was in the form of ever-increasing trade, financial and diplomatic linkages and meant that a good scenario for the US was generally also a good scenario for China. The reverse was less true, however, and that asymmetry ‒ along with geopolitical concerns ‒ prompted a reset. Since then, entanglement between the two economic giants has changed and is still changing. The direction is towards a world where a good