World power being redistributed
Welcome to a new world, a world shared between the rising superpower of China and the established superpower of the United States, as the coronavirus crisis accelerates competition and intensifies tension in a battle that has been simmering for some time.
Let’s look at the “small” picture. US President Donald Trump and his allies in Congress are scrambling for an alibi to justify the administration’s disastrous response to the pandemic.
From singing the praises of the Chinese leadership, Trump is now pressuring American intelligence services to “verify” his theories concerning the origins of the virus and has ordered that sanctions be brought against China.
According to leading American newspapers, even the partial write-off of American debt to China is under consideration, even though this is unlikely as it would topple the dollar from its dominant position.
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