China wins as Donald Trump cedes leadership of the global economy at Davos

China wins as Donald Trump cedes leadership of the global economy at Davos


Yet in the near decade since, the sense has only been enhanced that China is – at least rhetorically – invested in economic values that Trump has renounced: engagement in multilateral institutions to advance its causes, faith in the wealth-enhancing powers of global trade and recognition that no country is large enough or powerful enough to go it alone. “China definitely wants to assume the mantle of being the adult in the room, while the United States continues capriciously showing hostility,” said Eswar Prasad, an international trade expert at Cornell University. He lamented the “rupture” of the world order and marked “the beginning of a brutal reality where the geopolitics of the great powers is not subject to any constraints”.

Author: Peter S. Goodman


Published at: 2026-01-25 22:00:00

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