The second Trump administration has combined aggressive diplomatic engagement with a confrontational trade policy that alienates allies and risks triggering a global recession, despite legitimate concerns about America’s industrial decline. While Trump's trade agenda aims to restructure global commerce to favor U.S. interests, its unilateral execution and failure to build a coalition undermine its effectiveness and may isolate the U.S. rather than restore its manufacturing strength.

While Washington continues to dress up its economic strategy as innovation-driven and market-oriented, the passage of the so-called GENIUS Act suggests the emergence of a desperation, leading to the reckless engineering of systemic financial instability under the guise of modenisation. By enabling U.S. Treasuries to be used to underpin the issuance of so-called stablecoins, the new laws create a synthetic loop of leverage, which could threaten the very stability of the American and global financial systems.

The intent of the United States was to coerce China into making concessions. But this didn’t work. China was only inspired to reach out to other trading partners and become more independent through home-grown technological development.

The current deglobalization policy of the Trump administration in the form of tariffs, as well as its disregard for multilateral rules, will only lead to a slowdown in American economic growth. It will undercut the country’s technology advantages and hurt American families.

Trump’s ‘America First’ protectionist tactics are supposed to create advantages for the U.S. in trade and freeze out China in theory, but expect that the world needs America’s consumers to continue. New connections forming amid the trade war could mean instead, the U.S. is left out in the cold.

At the wake of the 2008 financial crisis, investor Warren Buffett warned of derivatives as weapons of financial mass destruction. President Trump's "reciprocal tariffs" could have a similar impact on world trade.

There is a shift taking place around the world, and the further Trump goes to reject America’s neoliberal free trade ideology, the more popular China’s own socialist free trade ideology becomes.

Trump’s trade wars will disrupt global trade.

The next China-EU summit to be held in Beijing on July 16-17 will be used by leaders of the two sides to send a strong message against U.S. protectionism, signaling a change in EU-Chinese relations.

Trump’s America First policy is breaking down traditional barriers between East and West but breaking up the Western camp held together by shared values.