Photo by Abode of Chaos via OpenverseDuring the Biden years, a lot of us thought that the next era of world history would be defined, in large part, by economic and geostrategic competition between the U. That's looking a little less likely these days. Donald Trump still makes the occasional aggressive noise toward China, but his approach has become much more conciliatory.
Donald Trump still makes the occasional aggressive noise toward China, but his approach has become much more conciliatory. Slowly or quickly, he's walking away from most of the policies the Biden administration was using to stand up to China — canceling export controls, canceling industrial policy, putting tariffs on key allies, defunding research, and so on. Meanwhile, China is reaching the zenith of its power.
Meanwhile, China is reaching the zenith of its power. Its share of world manufacturing1 has rocketed up to levels similar to what the U.