On October 30, U.S. President Donald Trump and China’s President Xi Jinping met on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea. This highly anticipated meeting—the first one between the two leaders since 2019—has been touted as charting the course for the future of U.S.-People’s Republic of China (PRC) relations. Trump’s first term fundamentally shifted U.S. policy on China from engagement to competition, notably by imposing s...