#EconomicDamageTrump

The Economic Battle Between the US and China: Declining American Hegemony and Rising Chinese Dragon

The Economic Battle Between the US and China: Declining American Hegemony and Rising Chinese Dragon

Since China's entry into the World Trade Organization (WTO) in 2001, the United States has conceived this integration as an extension of its own hegemony. Under the guise of liberalization, Washington hoped to mold the Chinese system according to the canons of Western capitalism. History has thwarted this ambition. Beijing has assimilated the mechanisms of global trade without absorbing its ideological dogmas. Years and years of trade have fostered a mutual dependence that has evolved into a lever of power for both China and the United States. However, the United States, once the architect of the international economic system, now…
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