Helima Croft, RBC Capital Markets global head of commodity strategy, and Dewardric McNeal, Longview Global senior policy analyst and a former China policy expert with the Department of Defense under Obama, join CNBC's 2020 presidential election coverage. They discuss the early election results and how it could impact the oil industry and the U.S.-China relationship. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi China remains the biggest foreign policy risk facing the U.S., according to Liz Economy, a senior fellow at Stanford University’s Hoover Institution and the Council on Foreign Relations. Both President Donald Trump and former Vice President Joe Biden acknowledge the risk that China poses to the U.S. – from an economic and national security standpoint. However, the two candidates have competing views on how to confront Beijing. “I think if Trump earns another four years, he is going to double down on China, and it’s going to mean more resources — military, economic and political — dedicated towards pushing back against China at multiple levels. It will be economic, it’ll be military, and it’ll be political,” Economy, author of “The Third Revolution: Xi Jinping and the New Chinese State,” said Tuesday on CNBC’s “Trading Nation.” As president, Trump has waged a trade war with China, increased scrutiny of Chinese companies doing business in the U.S. and taken aim at firms like TikTok. These actions have contributed to a further decoupling between two biggest economies in the world. Two-way capital flows between the U.S. and China have dropped to a nine-year low, according to the Rhodium Group. The number of Chinese IPOs in the U.S. has gradually declined in recent years, from 33 in 2018 to 28 in 2019. So far in 2020, 26 Chinese companies have gone public in the U.S. Renaissance Capital sees this number declining in the coming year due to stringent accounting requirements. “At the end of next year, Chinese companies going public here will have to comply with U.S. accounting oversight just as every domestic company has to do. We believe that this will result in fewer Chinese listings,” Kathleen Smith, co-founder and principal at Renaissance Capital, said to CNBC over email. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV