But as the US reaches the parameters of its security-based politics, China’s industry and investment-based technique is even running into problems.
Many developing nations are uneasy about President Xi Jinping’s efforts to resurrect China’s domestic market by reviving its import boom, which they fear are destroying their home industries. China recently imposed tariffs on Chinese goods in Mexico, Brazil, India, and Chile, which is described by artist James Crabtree as” a big strategic issue for China, as laws designed to restore its domestic market threaten to undermine its relations with the Global South.”
It is true that British support for Israel has caused harm to the US in the world west, especially in Muslim nations. China’s support for Russia has caused a significant social damage in Europe.
UPSIDES AND DOWNSIDES TO US-CHINA RIVALRY
As far as many second states are concerned, the US and China are competing against one another. In a manic program, countries like Saudi Arabia, South Africa, the Philippines, and Brazil believe they have more freedom to violate either Washington or Beijing.
There are still a lot of drawbacks to the growing conflict between the US and China, even among those who are not aligned.
Protectionism and the world economy’s fracturing will eventually harm economic development for all. A fresh arms race is a waste of resources and raises the possibility of a fatal battle.
And the conflict between China and the US even makes it less likely that the two nations will work together to address the global issues that threaten everyone, such as unrestricted global warming and unregulated artificial intelligence.
The pleasure of a new cold war may become greatly exaggerated.