Sean Randolph is senior director at the Bay Area Council Economic Institute and a frequent writer on global business and economic issues (www.bayareaeconomy.org).
While US policy towards China will be less confrontational and the trade war may be dialled down, Biden will keep up the pressure on scrutiny of Chinese investments in the US, market access for American firms in China, human rights and Hong Kong.
With US-China relations at a low point and large-scale decoupling of the two economies a destabilising possibility, a pragmatic realignment of the agreement is the need of the hour.