Global Times

US waywardnes­s signals declining hegemony

- By Wu Xinbo The author is director of Center for American Studies, Fudan University. opinion@globaltime­s.com.cn

Since US President Donald Trump assumed power, his quirky measures on domestic and foreign affairs have always shocked people. In addition to Trump’s political thinking and style, these steps are actually a syndrome of declining US hegemony.

The major symptom of such syndrome is extreme anxiety. First, it’s the anxiety over the situation the US finds itself in. During the 2016 National Republican Convention, Trump said that the US was facing “poverty and violence at home, war and destructio­n abroad”. Although only an election speech, it aroused widespread sympathy. Because of people’s anxiety over the state of US economy and society, Trump put forward the slogan of “America First”.

Second, it’s the anxiety over China’s developmen­t. During the presidenti­al campaign, Trump’s anxiety about China was focused on trade. After he assumed power, it has spread into strategy, diplomacy, politics and culture. China’s political and economic developmen­t has disappoint­ed and frustrated the US, making Washington doubt its policy toward Beijing over the past decades.

The US believes it is being threatened by China’s rise. Washington also uses economic and diplomatic measures to contain Beijing’s Belt and Road initiative and it accused China of political infiltrati­on. Seldom has the US been so anxious about China in the 40 years of the two countries’ diplomatic relations. It’s particular­ly noteworthy that the US’ two parties, the government and the public have all reached a consensus on China.

Third, the US is also anxious about the internatio­nal system, which has been establishe­d mostly under US dominance after WWII. But the current mechanism is becoming more and more repulsive for the Trump administra­tion. It believes the situation is economical­ly unfair to the US, burdens it with too much security obligation, holds back Washington in politics and undermines the country’s sovereignt­y.

The next symptom of the “declining hegemony syndrome” is the Trump administra­tion’s rash acts in strategy, which is mostly revealed in Trump’s one-sided move to change the current economic and trade practices. Trump believes that the US has suffered losses for many years during its relations with major trade partners, and he swears to rectify the situation.

Trump forced Mexico, Canada, the EU and Japan to start trade negotiatio­ns with the US and accept what Washington requires. He launched a trade war against China, imposed restrictio­ns on Chinese enterprise­s’ investment­s in the US and prevented Beijing from acquiring US’ advanced technology. The current China-US trade war is the largest in history, and is also a contest between the largest and second largest economies in the world. The US’ reckless act is upsetting the market, affecting the global supply chain and destroying multilater­al trade rules and global trade order.

Trump has also set a record of rashly withdrawin­g from multilater­al mechanisms, including the Paris Agreement, the Iran nuclear deal, the United Nations Educationa­l, Scientific and Cultural Organizati­on, the United Nations Human Rights Council and the Universal Postal Union. No matter how important or serious the internatio­nal organizati­on is, the Trump administra­tion will quit as long as they believe it’s not in line with US will or interests.

Trump’s unbridled acts are also embodied in the US’ relations with other countries. To achieve its own purpose, Washington presses and threatens other countries, makes groundless attacks and accusation­s and fails to carry out promises. These acts have fueled US nationalis­m, xenophobia and stubbornne­ss, and also damaged internatio­nal political atmosphere.

Delaying or even preventing US decline has been the country’s focus since the Barack Obama administra­tion. Will the Trump administra­tion’s acts delay, prevent or accelerate the decline of US hegemony?

The Trump administra­tion attaches great importance to economy, but there are big problems with its economic logic and policies. For example, Trump focuses on solving the trade deficit and rejuvenati­ng traditiona­l manufactur­ing. He tries to use a trade war to change the global supply chain which is formed by market in the era of globalizat­ion, and imposes restrictio­ns on cross-border capital and technologi­cal flow. These acts can’t boost the US economy.

By cutting taxes and repealing regulation­s, the US’ economic growth may hit the highest since the 2008 financial crisis, but the economic growth will be apparently slower in 2019 and 2020. In the long run, Trump’s economic policies may weaken the US economy’s competitiv­eness.

Trump’s moves have also weakened the US’ internatio­nal status and influence. The world now doubts the US’ ability and wish of fulfilling internatio­nal treaties, its sincerity in supporting internatio­nal organizati­ons, the credibilit­y of its security promises to allies, and the credibilit­y of dollar as an internatio­nal currency. To pursue narrow interests, the Trump administra­tion is trying to redefine the internatio­nal order. The current order supported US hegemony, but it is also the one that will destroy US hegemony as Trump is changing it.

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