Q.8 The US and China have been in an ongoing trade war since 2018. In academic circles, it has been argued dot this conflict may as well be the Second Cold War. Critically evaluate the future world order with main actors such as China. Roots and the US. 2022
The ongoing trade war between the US and China has been seen as a reflection of deeper geopolitical tensions and strategic competition between the two countries. The future world order with these main actors is likely to be characterized by continued rivalry and uncertainty.
China’s rise as a global economic and military power has challenged the dominance of the US in several areas, including trade, technology, and influence in the Asia-Pacific region. This has led to a shift in US policy towards China, which has been characterized by more assertive and confrontational tactics under the Trump administration and continued under the Biden administration.
The roots of this conflict can be traced back to structural factors such as the different political systems, economic models, and strategic priorities of the US and China. China’s state-led economic model and ambitious Belt and Road Initiative have raised concerns about debt-trap diplomacy and strategic encirclement among its neighbors and the US.
In response, the US has pursued a policy of containment and competition, which has involved tariffs, export controls, investment restrictions, and diplomatic pressure. This has led to a decoupling of some aspects of the US-China relationship, such as in the areas of technology and finance.
The future world order with China and the US as main actors is likely to be characterized by greater multipolarity, with other actors such as the EU, Russia, and emerging powers playing more assertive roles. The competition between China and the US will continue to shape the global economy, security, and governance, but may also lead to greater regional and global fragmentation and instability.
In this context, it will be important for both China and the US to pursue a more cooperative and constructive approach to managing their differences, addressing common challenges such as climate change, pandemics, and terrorism, and promoting international norms and institutions that can facilitate greater stability and prosperity.
