On the afternoon of December 26, 2019, the second Tsinghua-Caixin Serial Forum on Public Governance, co-hosted by CIDEG and Caixin Media, was held at the School of Public Policy and Management of Tsinghua University. Recently, progress has been made in the China-US trade negotiation, and this forum was centered around the theme “The New Framework and New Challenges of the China-US Trade Relationship”. Discussions focused on the new framework and new challenges of the China-US trade relationship and the implications for the global industrial chain. The Forum was attended by many renowned scholars from the practitioner and theoretical fields, guests invited for keynote addresses include: Wu Ge, Chief Economist and Assistant to the President, Changjiang Securities; Cheng Shi, Chief Economist, Managing Director and Director of the Research Division of ICBC International; Tu Xinquan, Dean and Professor at the China Institute for WTO Studies and Director of the Research Center for International Bidding and Government Procurement at the University of International Business and Economics; Zhang Jianping, Deputy Director of the Academic Committee of the MOFCOM Research Institute, Director of The Center for Regional Economics Studies, Director of the Center for Western Asia and Africa Affairs; Associate Professor Gao Yuning of the School of Public Policy and Management (SPPM) of Tsinghua University. Xue Lan, Distinguished Professor of Arts, Humanities and Social Sciences, Dean of Schwarzman College, Joint Chairperson of CIDEG Academic Committee of Tsinghua University moderated the dialogues, which were joined by Tatsuhito Tokuchi, former Managing Director of CITIC Securities and Executive Director of CIDEG, Associate Prof. Zhu Xufeng, Assistant Dean of SPPM of Tsinghua University, Huang Shan, Deputy Editor-In-Chief of Caixin Weekly, Chen Ling, Associate Professor of SPPM and Director of CIDEG also attended the sessions. Zhao Jing, Associate Professor of SPPM of Tsinghua University and Assistant Director of CIDEG moderated the forum.