President Trump's delegation of US tech leaders to Beijing signifies continued entanglement between the US and China. Despite talk of decoupling, the nations are learning to compete while remaining connected.

US President Donald Trump’s visit to Beijing with a delegation of leading American tech executives should not be read as a throwback to transactional diplomacy. It points to something more consequential. After years of rhetoric about economic separation, the reality is becoming harder to ignore: the United States and China are not decoupling. They are learning how to compete while remaining deeply entangled. For much of the past decade, Washington has framed its China policy around technological...