Despite ongoing predictions of its decline, the U.S. dollar remains dominant—but rising debt, political instability, and market volatility are shaking investor confidence. If these trends persist, the world could shift toward a more fragmented and unstable multipolar monetary system.

Yes, they can. As the world’s two major powers in AI technology, the U.S. and China must work together to build capacity, contribute to AI for developing countries, bridge the digital divide and help achieve the United Nations Sustainable Development Goals.

A broad vision is necessary if the United States wants to bring industry back home. The time has come for the it to reconcile its ambitions with on-the-ground realities. Washington should develop a sustainable strategy for managing relationships with other major powers, especially China.

U.S. President Trump has raised the tariff for Chinese imports to the U.S. to 125 per cent, while granting other countries a 90-day pause. (Photo: Artwork by Wi

The Indo-Pacific Strategy of Trump 2.0 remains unclear, although consensus has been reached on major power competition. If a new Indo-Pacific Strategy now emerges to build U.S. advantages against China, it will be designed to serve core MAGA goals.

With the Global South rising, Europe’s renewed emphasis on strategic independence from the United States could partially offset its relative decline in hard power and accelerate global multi-polarity.

Trump’s second-term foreign policy asserts U.S. hegemony in the Western Hemisphere while exploring a great power system based on spheres of influence. Its success hinges on defining these spheres—especially between the U.S. and China—without destabilizing East Asia.

The three-way meeting in Beijing stood out for its effort to clarify the historical context of the Iranian nuclear issue and to present impartial, fair and equitable demands to all parties involved.

On February 14, 2025, at 1:30 PM, the 61st Munich Security Conference (MSC) opened at the Hotel Bayerischer Hof. I arrived early at the conference hall, but the 200 seats had mostly been taken and I finally found a spot back in the room.

The more things change, the more they seem to stay the same.