The escalating conflict between the United States and China is being fueled by their internal political struggles, causing disruptions in their foreign policies. If the U.S. relinquishes its role as a global leader, it risks destabilizing the existing international order. Ongoing crises in Ukraine, Gaza, and Asia highlight the growing tensions worldwide. The U.S. economy is intricately connected to global value chains, yet former President Trump’s skepticism of multilateral agreements like the TPP created uncertainty. The hope now lies with President Biden to bring stability to U.S. trade relations and restore faith in international cooperation. \ Source link