The Emerging Sino-American Cold War
The Emerging Sino-American Cold War

Summary/Abstract: The Donald Trump presidency ushered in a new era of Sino-American relations. Under Trump, American policies towards the Asian Giant evolved from antagonistic and confrontational to seemingly close and warm to eventually turn into an open economic and political conflict. The present “decoupling” of the two economies initiated by the Trump administration may be seen as an attempt to divide the world into two camps and this process may shape global politics, economics, and military affairs for decades to come. The emerging struggle for world dominance has features resembling the Soviet-American cold war. But the Soviet Union posed only a major military and ideological threat while China is quickly becoming an economic superpower and uses this strength to pry out entire regions from the American sphere of influence. China has created international trade and financial structures that challenge the dominance of the American-led World Bank and the International Monetary Fund. The Asian competitor is also taking steps to replace the U.S. dollar with its own currency in international markets.

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