The "structural rivalry" between the United States and China has entered a period of tactical quiescence. While the leaders' summit held in Busan, South Korea, may appear on the surface to be a futile attempt at détente, the very fact that Trump was compelled to sit at the negotiating table can be read as a significant conjunctural victory for China.
The recent round of negotiations between the United States and China in Geneva, Switzerland, has laid bare the vulnerabilities of the global economy. Despite repeated warnings from experts about an impending recession and the strain on supply chains, former President Trump remained convinced that he could corner China through the art of deal-making.
The long-awaited 'National Security Strategy has finally been issued by the Biden administration. An interim national security paper was produced last year that emphasized China's escalating aggression, claiming that the United States is under siege.
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