Trump already lost to Xi in the trade war he started in
2018, otherwise how could China still be rising to the chagrin of the
USA? Biden tried to add salt to the wound with his technology and chip
sanctions against China and is now also floundering. China not only won
the trade war, but it is also widening the gap in space exploration,
EVs, renewable energy resources, domination of raw materials and supply
chains and giving the USA a run for its money in semiconductors.
What
will Trump do if he wins in November? More absolute hubris that sounds
like music to his supporters with mantras like 'Make America Even
Greater Again'? More tariffs likely, more sanctions on the cards, which
China is going to retaliate, as with his earlier trade war. Trump has
nothing new in the USA playbook he can use that Biden had not already
used.
Sanctions against China only makes people laugh. Sanctions
have never been known to work, not with Cuba, North Korea, Iran,
Venezuela and Russia. Sanctions on China will only hasten the demise of
the US$ hegemony. That is a given. Sanctions against Russia was the
tipping point and sanctions against China will be the final nail in the
US$ coffin.
Trump had already proven that he could not handle
China's rise during his first term, so he is more circumspect in his
words concerning the handling of China if he wins in November. Biden had
earlier claimed that he will not let China overtake the USA during his
watch. Tough talk, but as they say, the spirit is willing, but the flesh
is weak, and it looks like he himself is falling down before China
does.
Will Trump suffer the ignominy of being the one to end the USA unipolar status? Let us wait and see.
Anonymous
The thinking by USA and EU leaders is that by stifling or even destroying China, they will become great again like in the old colonial days, when the Whites can go all round the world destroying others and seizing and claiming territories as they like. Their form of diplomacy was from the barrel of a gun. Might is right was their calling card throughout history, and they now want to readopt that strategy.
ReplyDeleteMilitary confrontation between nuclear powers is fast becoming an unwinnable game today, with both sides facing extinction win or lose. That brute-force solution for global domination is becoming redundant. A multipolar world works better for all.
Empires wax and wane and the USA is no exception, despite their claim of 'exceptionalism' with the mindset that the USA therefore cannot fall like all other empires. The British had an even bigger Empire than the USA, with military bases all over the world. Yet it fell into oblivion, though it is still trying to strut its withering feathers. Failure to continue in its costly upkeep of its administrative and military forces in territories it colonized was the reason it had to give up all of them. Now it is left with only the British Isles, with even Northern Ireland expected to leave the UK eventually.
That is why I say the only way to hit at the underbelly of the USA is de-dollarization and ending its US$ hegemony. Militarily the USA is still a formidable military power, but economically it is just a house of cards. Removing one vital card will lead to its fall. Taking down the US$ hegemony is the best way to bring down the USA's military outreach and control of countries using its more than 800 military bases.
Russia and China are using the correct strategy to bring the USA down to its knees and ending its US$ hegemony. The Ukraine War was forced upon Russia, not a confrontation that Russia wanted.
Deny as the USA likes, dismissal of the de-dollarization moves as a minor dent on the use of the US$ today, when the tsunami comes, the US$ has nowhere to hide. The USA never saw the rise of China, nor its cornering of the raw materials, nor the rise of its EV industry, nor its technological expertise in space exploration as a threat, brushing off such advancements as of little consequence. Now they are no longer denying that China has overtaken them in most fields while they were basking in slumber having sweet dreams of their untouchable status.