Donald Trump's presidency significantly challenged the traditional US-led liberal world order. However, this disruption may open avenues for a more cooperative relationship between the US and China, moving towards coexistence and managed competition.

The two terms of US President Donald Trump have shaken the old style of US liberal internationalist leadership. Yet, as some doors close, others open. The summit between President Xi Jinping and Trump in Beijing last month suggests that the United States and China might now have an opportunity to move beyond ideological confrontation and towards a more realistic framework of coexistence, strategic stability and managed competition. For decades, Washington has held global primacy and pursued a...