Opinion
How did 2025 unfold for Venezuela and Latin America?
For Latin America and the Caribbean, as well as for other regions of the world, the year 2025 meant being under the constant and intensified scrutiny of the United States government. However, even though the White House’s trade war, characterized by arbitrary tariffs, primarily targeted countries with which the United States had a trade deficit (China, Canada, Germany, Japan, Ireland), Latin America has been the main focus of the deployment of the “New Monroe Doctrine.” And, within this region, Venezuela has been the country that, on the one hand, has suffered the most from it, and on the other hand, has confronted it with the greatest resistance, determination, and courage.
If 2024 ended with the certainty that Donald Trump’s third presidency would represent a scenario of direct confrontation with Venezuela, 2025 culminates with the realization that a good portion of the predictions regarding the aggressions that the Republican administration in the White House would apply against the Caribbean country materialized. But not even the most audacious could have imagined that Trump would invent a nonexistent armed conflict with Venezuela to advance his attempt to subdue the government of Nicolás Maduro and seize Venezuelan oil. It is worth clarifying that we say it is a nonexistent conflict because Venezuela does not threaten US territory or the political stability of the US government. This idea, widely disseminated and largely consolidated, is only one part of the narrative that has been constructed since President Hugo Chávez arrived at Miraflores Palace in 1999.
Despite the extraordinary nature of the US aggression against Venezuela, as we know, it is not the only Latin American country that, in 2025, has suffered the “Trump Corollary” to US imperialism and the rise of the extreme right. Let us, then, review how the rest of the region has been affected in political, economic, social, environmental, cultural, and military terms.
Brazil: For the first time since its creation in 1992, the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP) was held in the Amazon region, one of the planet’s most important lungs. The 30th COP took place in Belém do Pará, where funding to address the effects of the climate crisis was tripled, but a concrete roadmap for phasing out fossil fuels was not agreed upon. This lack of commitment to reducing greenhouse gas emissions, despite reaffirming the Paris Agreement and seeing progress in the new Nationally Determined Contributions (NDCs), drew criticism. COP 31 will be held in Antalya, Turkey, which will share the presidency with Australia.
On the political and judicial front, 2025 was the year that saw the conviction and imprisonment of former far-right conservative president Jair Bolsonaro for his role in the attempted coup d’état of January 8, 2023, in Brasília. This unprecedented event in Brazilian political history, which targeted Congress, the Presidential Palace, and the Supreme Court, tested democracy and the functioning of the separation of powers in the South American giant. Bolsonaro was sentenced to 27 years and three months by the Supreme Federal Court (STF), Brazil’s highest court, becoming the first former president found guilty of leading a coup. Trump unsuccessfully attempted to support Bolsonaro by imposing sanctions and tariffs on some key Brazilian exports (coffee, meat, fruit, etc.). However, a few months later, due to the price increases of these products in the US domestic market, the US president was forced to remove those tariffs.
México: The first female president in the history of this country, Claudia Sheinbaum, demonstrated her political leadership with very positive results in 2025. As one of the United States’ main trading partners, when Trump took office on January 10th of this year, Mexico topped the list of supposed enemies of U.S. economic, social, territorial, and national security stability. Trump accused Mexico of “not doing enough in the fight against drug trafficking,” thus justifying a 30% tariff on all Mexican exports. He also designated six Mexican cartels as terrorist organizations, including the Sinaloa Cartel and the Jalisco New Generation Cartel. Sheinbaum responded with concrete actions: dozens of suspected drug traffickers were extradited to the United States. Furthermore, the Mexican president explained to her North American counterpart and neighbor why the tariffs would harm the US economy, and, as happened with other countries, Trump had to back down.
In the middle of the year, Mexico implemented a historic reform by holding its first-ever elections to choose judges and magistrates through popular vote. This judicial election, which renewed more than 2,600 positions nationwide, was made possible by the constitutional reform approved in 2014 during the administration of López Obrador (AMLO). The 2015 judicial reform established that all judges must be elected by popular vote; it also reduced the number of Supreme Court justices from 11 to 9; and replaced the Federal Judiciary Council with the Judicial Administration Body and the Judicial Disciplinary Tribunal. The objective of this initiative is to combat corruption and nepotism, increase transparency, and bring the judiciary closer to the Mexican people.
Sheinbaum faced a variety of challenges, among them, one of the most internationally impactful was the protests by the so-called “Generation Z” (people under 30), which gained momentum after the assassination of a mayor in the state of Michoacán. These protesters used the so-called “War on Drugs” to attack the government and the MORENA party. However, the Mexican president has been clear in stating that the war on drugs, besides being illegal, has not solved the problem but has worsened it, and that extrajudicial killings are not an option in her administration. In this sense, Sheinbaum continues the path of the Fourth Transformation, initiated by AMLO, with which she is building her own political hegemony.
In 2025, Mexico and Brazil were the main drivers of poverty reduction in Latin America. The Economic Commission for Latin America and the Caribbean’s (ECLAC 2025) annual report revealed that thanks to increases in the minimum wage, government transfers to social welfare programs, and the economic recovery of these two countries, which together represent more than half of Latin America’s total population, poverty in the region decreased for the first time since ECLAC began conducting these studies. Mexico contributed 60% and 49% to the overall reduction in poverty and extreme poverty, respectively. Brazil also contributed significantly, accounting for 30% of the reduction in overall poverty and 31% of the reduction in extreme poverty.
Argentina: The second year of Javier Milei’s administration was marked primarily by a corruption scandal within his government. This included, on the one hand, the “$Libra” cryptocurrency scam, promoted by Milei through his X account, for which he faces a fraud investigation in the United States; and on the other hand, the bribes his sister, Karina Milei, solicited from public institutions amidst drastic cuts in public spending. By 2025, the most vulnerable sectors of Argentine society had suffered the consequences of the Milei model, fueled by low inflation due to weak demand, which in turn led to decreased production, business closures, and layoffs. These workers now lack access to social programs and policies to support them.
The progressive political field saw Cristina Fernández convicted of corruption and politically disqualified for six years. Fernández, who is under house arrest and remains key in building an alternative to Milei’s government, has lost political power. In this context, the governor of Buenos Aires, Alex Kicillof, Cristina Fernández’s former economy minister, consolidated his national profile with an eye toward the 2027 presidential elections after winning the legislative elections in the most important province in electoral terms, where he secured a 14% lead over Milei.
Milei, for his part, received full political and partial economic support from the Trump Administration, which allowed him to win the national legislative elections despite the governmental crisis facing his administration.
Presidential elections in 2025: Bolivia, Chile, Ecuador and Honduras
Ecuador: In the most violent year in Ecuador’s history, right-wing politician Daniel Noboa was re-elected president with 55% of the vote in a runoff election held in April, amid serious allegations of electoral fraud. However, in November, the majority of Ecuadorians rejected the president’s agenda in the Constitutional Referendum and Popular Consultation. The Ecuadorian president sought popular support to convene a Constituent Assembly; to establish foreign military bases in Ecuador; to eliminate state funding for political parties; and to reduce the number of legislators in the National Assembly. These proposals were rejected with 61.58% of the vote.
While Uruguay, under the leadership of Yamandú Orsi of the Frente Amplio, witnessed the return of the left to power, the opposite occurred in one of the Andean nation. Bolivia held presidential (and parliamentary) elections this year, marking the end of a political era that began in 2006 with the election of its first indigenous president, Evo Morales, now a political target and adversary of his former supporters. Evo remains entrenched and seemingly untouchable in the Chapare, a coca-growing region in the department of Cochabamba. On October 20, in the second round, Rodrigo Paz was declared the winner with 54% of the vote. On November 8, upon assuming the presidency, Paz, whose main slogans have been “Capitalism for all” and “Bolivia to the world and the world to Bolivia,” quickly moved to eliminate fuel subsidies and seek to restore foreign relations with the United States and Israel.
On December 24, the National Electoral Council (CNE) of Honduras declared Nasry Asfura the new Honduran president. The decision came almost a month after the elections and with more than 300 of the nearly 2,800 electoral tally sheets showing inconsistencies, in an electoral process rife with fraud allegations from various parties (both left and right) that participated in the contest. Asfura, a conservative and right-wing politician from the National Party, was the candidate supported by Donald Trump, who, upon seeing the delay in releasing the results, did not hesitate to say, “It seems that Honduras is trying to alter the results; if they do, there will be a scandal.”
Chile also closed out 2025 with the return of the right wing. José Antonio Kast won, with 58% of the vote to 42%, in the second round against the Communist Party candidate, Jeannette Jara. Kast, whose father was a member of the Nazi Party in Germany and who has supported the Pinochet dictatorship, will take office in March 2026. Kast’s arrival will implement an emergency administration, representing the biggest shift to the right since the return of democracy in Chile in 1990.
Venezuela: The country most besieged by the US in 2025
Even during his presidential campaign, Venezuela was among the top priorities on Trump’s foreign policy agenda. Therefore, upon assuming his third presidency on January 15, 2015, the US president launched a full-scale attack against the Venezuelan government. Trump has tried everything to undermine the democratic order in Venezuela and install a president subservient to the White House, in order to seize Venezuelan oil.
Openly calling for global mercenaries, the United States government increased the reward for the capture (read: assassination) of President Nicolás Maduro, Interior Minister Diosdado Cabello, and Defense Minister Vladimir Padrino López. Meanwhile, Caracas received President Trump’s Special Envoy, Richard Grenell. These seemingly contradictory moves demonstrate the negotiator’s interest in first threatening to test the limits of what he can do. But negotiating with Venezuela is not a zero-sum game.
In another attempt to strangle the Venezuelan economy, Trump announced the termination of Chevron’s license to import Venezuelan oil and its derivatives. At the time, Chevron was the only U.S. oil company authorized to operate in Venezuela, despite the more than 1,000 unilateral coercive measures (sanctions) arbitrarily imposed on Venezuela. The U.S. oil company will continue operating in Venezuela until the end of 2025.
To dispel any remaining doubts that Trump has absolutely no interest in Venezuelan democracy or citizenship, the White House occupant invoked the Alien Enemies Act of 1798, which grants the president the authority to identify and expel undocumented immigrants (although Trump has used this law to persecute and deport even immigrants with legal or pending residency). The Venezuelans were labeled as members of the “Tren de Aragua” gang and taken by the hundreds to a high-security prison in El Salvador: CECOT.
Furthermore, in an unprecedented act of war that put Latin America and the world on high alert, Trump deployed warships to the Caribbean, off the coast of Venezuela. To do so, he first had to designate the “Cartel of the Suns” as a terrorist organization, a designation that provided the White House with the legal framework to launch targeted military operations without congressional approval. Violating international law, Trump extrajudicially executed dozens of people by carrying out kinetic attacks in Caribbean waters near Colombia, Venezuela, and Trinidad and Tobago.
Finally, to further escalate tensions, in early December, Trump ordered a total and complete blockade of all oil tankers, sanctioned or not, entering or leaving Venezuela. The US president proudly declared: “Venezuela is completely surrounded by the largest armada ever assembled in the history of South America. It will only get bigger, and the impact on them will be unprecedented, until they return to the United States of America all the oil, land, and other assets they previously stole from us.”
A few days later, the United States seized two oil tankers flying different flags, allegedly belonging to Iran and China, loaded with Venezuelan crude. In an act of piracy according to the United Nations Convention on the Law of the Sea, the US president ordered the arrest of the crews of these vessels, as well as the seizure of the ships and their cargoes. Currently, the US Coast Guard continues to monitor oil tankers it believes may be carrying Venezuelan oil, and a third seizure -characterized by the Venezuelan government as theft- of a third oil tanker, this time flying the Panamanian flag, has reportedly occurred.
This entire situation has logically resulted in an increase in military spending in the Latin American and Caribbean region, which, faced with the real threat of armed conflict, is preparing to defend its borders. Although official figures will be released in 2026, Brazil and Mexico are expected to top the list, but Colombia, Panama, Trinidad and Tobago, Guyana, Ecuador, Peru, the Dominican Republic, and even Argentina, somewhat further from the Caribbean, have also invested in defense.
Final thoughts
As a conclusion to this exhaustive analysis of the regional panorama in 2025, we can determine that Latin America and the Caribbean are at a historical crossroads where the anachronistic pretensions of a declining power collide with the reality of a new multipolar world order.
With his actions in Latin America, and despite his rhetoric as a “great negotiator,” 2025 confirms Trump as a decidedly warmongering, not pacifist, president. In fact, his administration has failed to pacify any international conflict; on the contrary, it has fabricated threats and escalated tensions through naval blockades, acts of piracy that border on international illegality, and the irrational imposition of tariffs on key trading partners.
Speaking of warmongers, paradoxically and symbolically, the Norwegian Nobel Committee decided to award the Nobel Peace Prize to María Corina Machado, the far-right leader who has called for military intervention and increased sanctions against Venezuela. This is further evidence that the Venezuelan right wing is to the right of Trump’s political views.
The 2025 assessment makes it clear that the Trump administration attempted to resurrect the old Monroe Doctrine under a veneer of economic and military aggression. However, concrete results have demonstrated that this doctrine has no place in the 21st century. Washington’s attempt to treat the region as its “backyard” clashes head-on with this reality: Venezuela, far from being isolated, has enjoyed the strategic, economic, and diplomatic support of powers like Russia and China, whose presence in the region acts as a necessary counterweight, neutralizing US ambitions for hegemonic control.
With his actions in Latin America, and despite his rhetoric as a “great negotiator,” 2025 confirms Trump as a decidedly warmongering, not pacifist, president. In fact, his administration has failed to pacify any international conflict; on the contrary, it has fabricated threats and escalated tensions through naval blockades, acts of piracy that border on international illegality, and the irrational imposition of tariffs on key trading partners.
Speaking of warmongers, paradoxically and symbolically, the Norwegian Nobel Committee decided to award the Nobel Peace Prize to María Corina Machado, the far-right leader who has called for military intervention and increased sanctions against Venezuela. This is further evidence that the Venezuelan right wing is to the right of Trump’s political views.
While it is true that the rise of the far right in countries like Chile, Bolivia, and Ecuador seems to strengthen Washington’s axis, Mexico’s solid leadership under Claudia Sheinbaum and Brazil’s stability demonstrate that Latin American sovereignty has deep roots. Venezuela’s resistance to the fiercest siege in its history is not only an act of national survival but also the epicenter of a struggle for regional self-determination, sovereignty, and independence from imperialist yokes.
Ultimately, 2025 closes with a resounding lesson for Washington: the natural resources and sovereignty of the Latin American and Caribbean peoples, who have chosen not to submit to foreign powers, can no longer be seized through obsolete 19th-century doctrines. In the case of Venezuela, the alliance with the Eurasian bloc and the strength of Venezuelan institutions have turned the “Trump Corollary” into a “paper tiger.” A free and independent Latin America already moves and lives in a multipolar world.
Opinion
Chinese diplomacy ascendant under Xi: All roads lead to Beijing
Beginning in late 2025 and extending throughout 2026, one of the most striking developments in world politics has been the successive convergence of major powers upon Beijing. Direct, high-level engagement with China by actors at the very core of the global system—such as the United States, Russia, the United Kingdom, France, and Germany—is widely interpreted as a potent signal of a shifting international order. These visits are indubitably far from routine diplomatic encounters. Rather, they represent symbolic and strategic maneuvers indicative of a fundamental realignment of the world’s power centers. In particular, the intensive engagement with China by four of the permanent members of the United Nations Security Council within a brief window demonstrates that Beijing has evolved far beyond a mere economic powerhouse, establishing itself as a principal locus of global diplomacy.
For decades, the global order was predominantly US-centric. Following the end of the Cold War, the United States attained an unrivaled position militarily, economically, and diplomatically. China, conversely, was viewed as a rapidly growing economy defined primarily by its manufacturing capacity and cheap labor force. While Beijing possessed influence within the global system, the primary decision-making mechanisms of world politics remained firmly anchored in Washington. However, the transformation of the past two decades has elevated China from a mere economic giant to the epicenter of global strategic competition.
Today, China stands as one of the most pivotal actors in world trade. The vast majority of global supply chains are intricately linked to Chinese networks. Across a multitude of critical sectors—ranging from electric vehicles and battery technologies to artificial intelligence and solar energy—China has established itself as both a dominant producer and a global standard-setter. This immense economic capacity has naturally engendered commensurate political and diplomatic leverage. Global leaders now recognize that international challenges cannot be effectively managed by bypassing or ignoring China.
It is precisely here that the core significance of these recent visits to China becomes apparent. Donald Trump’s journey to Beijing to meet with Xi Jinping underscored that despite the intense rivalry between Washington and Beijing, direct engagement has become an absolute necessity. Similarly, while Vladimir Putin’s strategic alignment with China has long been established, Moscow’s deepened cooperation with Beijing in the wake of its profound crisis with the West has significantly bolstered China’s geopolitical weight across Eurasia. Meanwhile, British Prime Minister Keir Starmer’s visit was interpreted as a sign of Europe pivoting toward a more pragmatic trajectory in its policy toward China. The prior engagements of French President Emmanuel Macron had already demonstrated that Europe has no desire for a complete decoupling from China. German Chancellor Friedrich Merz’s discussions in Beijing were particularly noteworthy from an economic standpoint, as the Chinese market remains indispensable to German industry. Furthermore, the intensive diplomatic relations maintained by Serbian President Alexander Vučić with China demonstrate that Beijing’s influence on the European continent is by no means confined to major Western European states. Through infrastructure investments, transport projects, technology transfers, and defense cooperation in recent years, Serbia has emerged as one of China’s closest partners in Europe.
The common denominator among these visits was the pursuit of direct engagement with Xi Jinping. Xi is no longer viewed merely as the leader of China; for many nations, he has become a preeminent figure shaping the future of the global system. The transformation of China under Xi into a more centralized, visionary state structured around long-term strategic planning has magnified the personal significance of his leadership. Today, the international community is intensely focused on Xi Jinping’s decision-making. Consequently, pilgrimages to Beijing represent an effort to establish a direct, unmediated channel to Xi himself.
Symbolism is of paramount importance here; in international politics, the optics of “who travels to meet whom” are central to the perception of power. If global leaders continuously travel to Beijing while Xi travels sparingly—yet remains the figure everyone seeks to audience with—it naturally reinforces the message: Xi Jinping is no longer just the leader of China, but a chief architect of the global system. Remarkably, Xi’s reduced international travel has not diluted China’s influence. On the contrary, Beijing’s emergence as the primary destination of diplomatic pilgrimage projects an image of profound self-assurance. To many observers, this stands as one of the most visible symbols of a shifting world order. By rendering their respects in Beijing as much as in Washington, global leaders signal that the global equation is now being formulated here.
This shift is driven by tangible geopolitical realities. The contemporary world operates within a highly interdependent framework. While intense competition defines US-China relations, their economies remain deeply intertwined, rendering total decoupling virtually impossible. Across a vast spectrum of critical arenas—including trade, semiconductor technology, artificial intelligence, energy security, the Taiwan question, the Russia-Ukraine war, the Iranian crisis, and global supply chains—China has emerged as a decisive actor. Consequently, no major power, including Washington, can formulate a viable global strategy by sidelining China.
For Europe in particular, the China question has grown increasingly complex. The period between 2022 and 2024 saw Europe adopt a more hawkish and distant posture toward Beijing. However, slowing economic growth, energy crises, and trade frictions with the United States have compelled Europe to seek a more balanced approach. The pivot of European leaders toward Beijing reveals that complete economic decoupling from China would carry prohibitive costs for Europe. This dynamic also underscores the divergent internal priorities within the US-led Western bloc.
China’s rise should not be viewed solely through the prism of its relations with the West; the sphere of influence Beijing has cultivated across the Global South is of equal significance. In recent years, Chinese influence has expanded dramatically across Africa, Latin America, Central Asia, the Gulf States, and South Asia. Within this context, Pakistani Prime Minister Shehbaz Sharif’s visit to China carries profound weight. The China-Pakistan relationship has long been characterized as an “ironclad friendship.” Through the Belt and Road Initiative, China has constructed ports, railways, energy facilities, and critical infrastructure in numerous countries, most notably Pakistan. Furthermore, unlike Western financial institutions, Beijing extends credit and investment with fewer political conditionalities. Consequently, many developing nations view China not only as a vital economic partner but also as a geopolitical counterweight to the West.
All of this inevitably raises the question: “Is China ascendant?” Based on the current landscape, the answer must be in the affirmative. For global leaders, Beijing has now emerged as a diplomatic hub as critical as Washington. Moreover, beyond its sheer economic scale, China is increasingly distinguished by its capacity for conflict resolution. Its pivotal role in facilitating the Iran-Saudi Arabia normalization, coupled with its close ties to Russia and its sweeping influence over the Global South, has significantly amplified Beijing’s diplomatic gravity.
The diplomatic traffic observed throughout 2026 highlights a fundamental truth: the world is no longer unipolar or monocivilizational. Opposite the United States stands a China capable of challenging it economically, technologically, culturally, and diplomatically. Consequently, this new era diverges sharply from the unipolar structure of the “American Century,” resembling instead a multipolar, multi-civilizational order where all actors cooperate and compete with one another simultaneously.
Xi Jinping’s position is central to this paradigm shift. For many leaders today, meeting with Xi in Beijing is not merely a matter of bilateral diplomacy, but a strategic imperative for positioning oneself within the global balance of power. This has immensely enhanced Xi’s personal prestige. Within the international system, there is a growing consensus that on most critical issues, “if Beijing is not at the table, no resolution can be complete.” The acceleration of visits to China since late 2025 is not merely a reflection of a crowded diplomatic calendar; it must be understood as a tangible indicator of a shifting world order. Beijing has transcended its status as an economic core to become one of the primary power centers of global politics. Consequently, Chinese President Xi Jinping is emerging as one of the most influential figures of this new, multipolar, and multi-civilizational world order.
Today, the diplomatic traffic directed toward Beijing is by no means limited to the United States, Russia, or the major European powers. The efforts of leaders from a vast geographical span—from Serbia and Pakistan to the Gulf States and African nations—to establish direct contact with China render Beijing’s central position in the global system increasingly conspicuous. Consequently, these recent visits are interpreted as signs that the power map of the new international order is being redrawn. For many capitals, the path to understanding global developments and formulating future strategies now runs through Beijing as much as it does through Washington. Thus, the adage “All roads lead to Beijing” is rapidly transforming from a rhetorical trope into a defining reality of contemporary international politics.
Umur Tugay Yücel – Political Scientist & Author of the book “The Decline of American Power and the Rising Powers” (China-Russia-India-Brazil).
X: @umur_tugay
Opinion
Israel’s influence over the United States and America’s strategic impasse
In remarks to the American media, Israel’s genocidal prime minister, Benjamin Netanyahu, declared: “The war with Iran is not over. The enrichment facilities must be dismantled, and the highly enriched uranium must be eliminated.” He insisted that the permanent destruction of Tehran’s nuclear capacity was imperative.
The broader picture in the Middle East is this: the United States is simultaneously attempting to make Israel more effective, more powerful, and territorially larger, while also attacking those countries that unsettle Israel or resist its regional influence. It fragments them, destabilizes them, occupies them. What occurred in Libya, Iraq, and Syria, as well as the joint American-Israeli aggression directed at Iran, must be understood from this perspective no less than from any other.
We know that Israel exercises enormous influence over the United States. The effects and reflections of that influence are visible even in Washington’s relations with Türkiye. Israel influences the United States to such an extent that America loves whom Israel loves and rejects whom Israel rejects. American presidents hesitate to take a step in the Middle East without first consulting Israel or securing its approval. For that reason, it is especially noteworthy that, in recent months, many American experts, politicians, and commentators have openly said of the attacks on Iran: “This is not America’s war; it is Israel’s war. It is wrong for the United States to place itself so completely under Israel’s direction and follow in its wake.” For the first time, Israel is being criticized this openly and this loudly within the United States itself. For the first time, America’s limitless and unconditional support for Israel is being questioned so directly.
The extent of Israel’s hostility toward Türkiye
Israel’s influence over the United States, as seen in the joint American-Israeli aggression against Iran, also became apparent during the ceasefire negotiations. Israel did everything in its power to prevent the United States from accepting a ceasefire. Although Pakistan succeeded in persuading both Washington and Tehran to accept a regional ceasefire, Israel immediately pressured the United States and ensured that Lebanon was excluded from the scope of the agreement.
Israel’s hostile posture toward Türkiye is likewise striking. By supporting terrorist organizations operating against Türkiye, Israel seeks to force the country to exhaust its energy and resources in prolonged struggles against armed groups both domestically and along its immediate periphery. In this regard, the most functional and useful instrument at Israel’s disposal is the PKK terrorist organization. The United States also supports the PKK. Accordingly, the American-Israeli axis jointly backs structures affiliated with the PKK, namely the PYD-YPG in Syria and PJAK in Iran. It will be recalled that Israel also supported the 2017 independence referendum organized in northern Iraq under the leadership of the Barzani administration. Israel announced that, should the referendum produce a declaration of independence, it would be among the first states to recognize an independent Kurdish state separating from Iraq.
The American economy Is not on a healthy trajectory
From an economic standpoint as well, the United States is compelled to wage wars, launch attacks, create new customers for its arms industry, and secure fresh military contracts. The American economy has become dependent on war. Within the country’s dominant sectors, the military-industrial structure occupies a singularly privileged and strategic position. U.S. public debt has surpassed 39 trillion dollars. Private-sector debt, including household debt, has reached 42 trillion dollars. The budget deficit approached 1.8 trillion dollars in 2025. Last year, the trade deficit climbed to 901.5 billion dollars. At the same time, the country’s productive capacity and competitive strength continue to erode.
By attacking Iran alongside Israel, the United States sought not only to neutralize Iran’s missile capacity and nuclear capabilities, but also to alter the regime in Tehran and, if possible, even redraw the country’s borders. It inflicted severe damage on Iran and struck heavy blows, yet failed to force capitulation. It achieved neither its military objectives nor its political aims.
Another American calculation was this: by striking Iran, which sells 90 percent of its oil exports to China, Washington hoped to open a serious breach in China’s energy supply chain. China obtains nearly half of the oil it consumes from Gulf countries such as Iran, Iraq, Saudi Arabia, and the United Arab Emirates. Altogether, 45 percent of the oil China uses passes through the Strait of Hormuz. It should also be noted that the Strait of Hormuz is critically important not only for China, but also for Asia’s major economies such as Japan, India, and South Korea. One must not forget that all three maintain close relations with the United States.
While attacking Iran, the United States also sought to weaken China — and failed
While calculating that Iran would emerge weakened, the United States also intended to batter China in the process. It failed. That failure rendered Washington even more aggressive and drove it into deeper panic. For regardless of what the United States does, the trajectory of history continues to favor China.
Consider the figures. In 1990, China accounted for just 1.8 percent of the global economy. Today, that figure stands at 18.5 percent. In other words, over the past thirty-six years, China’s share of the world economy has increased tenfold. The United States, by contrast, accounted for 34 percent of the global economy in 1985; by 1990, its share had already fallen to 26 percent. Today it has declined further, to 22 percent. As can clearly be seen, America’s share has been steadily diminishing. Across the Atlantic, Europe’s decline has been even more pronounced. In 1990, the European Union accounted for more than 27 percent of the global economy. Today its share has fallen to 17 percent. In other words, over the past thirty-six years, the European Union has contracted by ten percentage points.
This decline in Europe inevitably weakens the European Union’s appeal while simultaneously intensifying internal disputes within the bloc. It has also emboldened those advocating withdrawal from the Union. Following Britain’s departure from the European Union through the 2016 Brexit referendum, similar debates have proliferated across Europe. Those advocating France’s withdrawal speak of “Frexit,” while proponents of Sweden’s departure invoke the term “Swexit.”
These debates are not confined to the European Union alone. Parallel discussions are also emerging within NATO, particularly as President Trump publicly humiliates NATO members and even suggests that the United States itself could leave the alliance. Slovenia, for example, one of NATO’s smaller members, is debating the possibility of putting withdrawal from the alliance to a referendum. For a small-scale country, this is undoubtedly a bold and highly consequential discussion.
What ultimately becomes visible is this: as the United States weakens, the fractures within the Atlantic alliance deepen, and disputes within major Western institutions such as NATO and the European Union grow increasingly severe. The joint American-Israeli attacks against Iran, together with Iran’s resistance, are making those fractures even more visible.
Opinion
From Great Power Competition to Strategic Stability: A New Orientation of China-US Relations
U.S. President Donald Trump paid a state visit to China from May 13 to 15, 2026. For the current turbulent international order, this summit between the two great powers of China and the United States is of extraordinary significance, bringing a degree of certainty to an uncertain world.
A major focus of domestic and international attention is that during his visit to China, Trump appeared far more rational, restrained and pragmatic than he did in Europe. In Europe, he often treated allies with emotional outbursts, unilateral pressure and even public mockery; in Beijing, by contrast, he moderated his tone, chose his words carefully, stressed respect for China and a willingness to cooperate, demonstrating a greater sense of realpolitik and diplomatic propriety.
During his tour at Zhongnanhai, he even remarked that if he gets used to this place, he might not want to leave. He also expressed hope of visiting China again in six months. All this points to productive communications between the two sides. The most important outcome was their agreement to build a constructive China-U.S. relationship of strategic stability. This is clearly a major new development and transformation in China-U.S. relations, which will undoubtedly send strong reverberations, profoundly shaping not only the societies of both nations but also the global strategic landscape and the existing structure of international relations.
What Is the “China-US Constructive Relationship of Strategic Stability”?
Although no joint communiqué was issued nor press conference held following President Trump’s visit to China, the Chinese side nonetheless spoke highly of the trip, describing it as a “historic meeting”. The reason lies in the two sides’ agreement to build a constructive China-U.S. relationship of strategic stability.
Strategic stability originally refers to a state among nuclear-armed powers where mutual deterrence prevents nuclear war. The concept emerged from U.S.-Soviet arms control during the Cold War and now also describes peaceful relations between major powers. In the current China-U.S. context, “strategic stability” is understood broadly to mean that the two countries can maintain a stable framework in their most crucial interactions.
How should we understand the new positioning of a “constructive relationship of strategic stability”? During the meeting on May 14, President Xi Jinping put forward the “four should-bes” to define this new framework: It should be positive stability with cooperation as the mainstay, healthy stability with competition kept within bounds, normal stability with differences under control, and durable stability with peace in prospect. Each dimension of “stability” leaves considerable room for interpretation.
The first dimension: cooperation as the mainstay. Over the past decade, both the Trump administration’s launch of two trade wars and the Biden administration’s building of a “small yard with high fences” and imposing high-tech export controls on China have created massive disruptions to the normal operations of enterprises in both countries and to bilateral trade. As the world’s two largest economies, frequent frictions caused by U.S. policies are clearly abnormal and detrimental to the economic development of both nations and the world. It is therefore essential to return to a tone centered on cooperation.
The second dimension is well-regulated competition. The United States is prone to the Thucydides Trap mindset and harbors deep misgivings about China’s rise and development. Nevertheless, China has no intention of engaging in zero-sum games where one side wins and the other loses. From Chinese perspective, competition between nations is inevitable. Yet the world today faces the fundamental task of expanding common interests rather than dividing existing gains. We embrace sound competition and reject vicious rivalry; otherwise, the world risks repeating the tragedies of World War I, World War II and even the Cold War.
The third dimension is manageable differences. Disagreements are inevitable in China-U.S. interactions. However, if economic, trade, technological, cultural and academic exchanges are all politicized and securitized, even ordinary bilateral issues will escalate into strategic confrontations. A mature major-country relationship does not mean the absence of disputes, but the ability to keep dialogue intact even after disagreements arise.
The fourth dimension is foreseeable peace. It targets the most fundamental and bottom-line principle in China-U.S. relations: the two countries must avoid war. Today’s China-U.S. relationship is no longer a simple bilateral tie between two isolated nations, but two core pillars embedded in the global industrial chain, financial system, technological system and security architecture. Therefore, foreseeable peace requires strategic self-awareness from both sides: competition must not escalate into conflict, and confrontation must never lead to war. Neither side shall gamble the future of 1.4 billion Chinese people, over 300 million Americans and the entire world on an unaffordable conflict for short-term political gains.
These signals released from this summit indicate that both sides are striving to shift their relations from confrontation to a new phase featuring controllable competition and pragmatic cooperation.
The Constructive Significance of the New Positioning of China-U.S. Relations
These “four should-bes” are not a one-sided expectation that China places on the United States, but rather a mutual commitment between the two countries. The definition put forward by the Chinese leader has received high recognition from the U.S. side. Therefore, there is good reason to believe that this new framework will serve as the strategic guideline for China-U.S. relations over the next three years, which will cover Trump’s second term, because it benefits both nations.
For China, what matters more are the strategic gains from this meeting: namely, persuading the United States to embrace a framework of constructive strategic stability. China’s paramount strategic goal is to achieve the great rejuvenation of the Chinese nation, which demands a stable external environment. Yet since Trump’s first term, China has faced containment by the United States and its allies across trade, technology, finance, and geopolitics, posing severe challenges to its development. China has long sought to transcend the Thucydides Trap. While it does not shy away from competition and stands ready to uphold its interests in economic and trade frictions with the U.S., it has no desire for strategic rivalry. Instead, China aims to steer bilateral relations back to a path of rationality, communication, and non-confrontation, so as to secure a stable external environment for economic growth.
For the United States, it places greater emphasis on the pragmatic benefits of this visit. The U.S. signaled its intention to visit China as early as last year, aiming to leverage its perceived victories over Venezuela and Iran to pressure China. However, the war in Iran has yet to end, and it has produced significant blowback against the U.S., exposing few critical realities to the world:
First, the U.S. cannot defeat Iran, and a power unable to subdue Iran has no credible path to conquering China.
Second, although China is the world’s largest energy importer, it faces no imminent risk of energy shortages.
Third, surging domestic inflation and oil prices in the U.S. have stoked public discontent, undermining Trump’s prospects in the midterm elections.
Fourth, the U.S. failed to defeat China in the trade war, instead hitting a wall. In February, the U.S. Supreme Court ruled that the massive tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) were illegal.
Fifth, a series of events like the maiden flight of China’s sixth-generation fighter jet, the May 7th India-Pakistan air battle, the September 3 military parade, and the U.S.-Israel-Iran conflict have convinced the U.S. that military coercion is unlikely to bend China to its will.
From the U.S. perspective, a reality-based assessment compels recognition of China’s international standing. Moreover, China’s neutral stance in multiple global crises has led the U.S. to view it as a rational, predictable, and negotiable strategic rival rather than an entirely uncontrollable challenger.
For the world at large, the realization of strategic stability in China-U.S. relations also contributes to global peace and stability. In this era of major-power games, world development and security are confronted with numerous challenges: rising global unrest and armed conflicts, sluggish economic growth mounting pressures on people’s livelihoods, stagnant technological progress and retrogressive international cooperation, a fractured international order and unbalanced rule-based systems, deteriorating diplomatic atmospheres and setbacks to peaceful diplomacy, ineffective governance over global issues, and small and medium-sized countries being reduced to pawns in great-power contests. The gravest crisis facing the world today lies not in troubles plaguing individual nations, but in the prevalent global state of instability, uncertainty and unpredictability. As the world’s two largest economies, China and the United States bear the responsibility to deliver stable expectations for the whole world.
The Future of China-U.S. Relations
In the short term, the proposal of a constructive strategic stability relationship between China and the United States means there will still be opportunities for positive interactions over the next six months. President Xi Jinping has agreed to pay a visit to U.S. in September 2026, and there is a high probability that the two leaders will meet again at the APEC Summit in Shenzhen and the G20 Summit in the United States again. In other words, the two countries will continue to maintain engagement, intensify cooperation on the basis of managing differences, and foster a favorable atmosphere for multiple rounds of head-of-state diplomacy in the period ahead.
Nevertheless, the “constructive strategic stability relationship between China and the United States” still faces an even bigger test that will determine its true substance. The Taiwan issue is the most sensitive and core issue in China-U.S. relations, representing China’s vital core national interest. This is a bottom line and red line that cannot be traded or trampled on.
On board Air Force One returning to the U.S. after his China visit, Trump laid out his latest “Four Don’ts” on Taiwan: Don’t want anyone to pursue independence; Don’t want to send troops thousands of miles to fight a war; Don’t become a backer for “Taiwan independence”; Don’t easily commit to arms sales to Taiwan.
This statement does not represent a shift from strategic ambiguity to strategic clarity. While the first three “Don’ts” can be seen as a form of strategic reassurance to China, the deliberate ambiguity on arms sales preserves the core tool of “using Taiwan issue to contain China”. In short, Trump has not abandoned the “Taiwan card” during this visit, and he still seeks to use it as a tool to constrain China. Accordingly, whether Trump approves a US$14 billion arms sale to Taiwan, which is the largest single arms deal in U.S. history, will not only test U.S. political commitments but also directly determine whether major conflict between China and the U.S. could break out in the future.
Though this visit facilitates the realization of strategic stability between China and the United States, the structural contradictions between the two sides in ideology, development models, technological competition and geopolitical strategies remain unresolved. In line with the logic of strategic defense, strategic stalemate and strategic counteroffensive, China-U.S. relations have entered the phase of strategic stalemate. Yet how long this phase will last remains uncertain. It is likely to be extremely protracted, spanning two to three decades or even longer until the two countries attain balanced strength across all fields.
China harbors no intention of challenging America’s dominant status, while the U.S. can hardly abandon its attempt to contain China. Hence, during this strategic stalemate, bilateral relations may witness intermittent frictions and truces, with neither side able to subdue the other. Both sides have to cooperate amid competition, which will become the new normal of bilateral ties.
In any case, the vision of a constructive strategic stability relationship is a bitter yet effective remedy proposed by China for China-U.S. relations and global peace. It does not cure minor ailments, but targets the entrenched fatal malady of hegemonic anxiety. This prescription requires joint adherence by both sides. China has demonstrated utmost sincerity and steadfast resolve. Now the ball is in America’s court, especially in the hands of decision-makers in Washington. Will it lay aside arrogance and embrace an equal, stable and sustainable new framework of bilateral relations, or remain trapped in the illusion of acting from a position of strength and rush headlong down the path of confrontation? It is hoped that this Beijing summit will mark a fresh starting point for bilateral ties. If both sides fully implement the constructive strategic stability relationship, reduce emotional decisions and excessive securitization tendencies, and step up pragmatic communication and tangible cooperation, it will prove a blessing for China, the United States and the entire world.
*Dr. Yang Chen
Associate Professor and Executive Director, Center for Turkish Studies, Institute of Global Studies, Shanghai University
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