U.S. And China – Current International Hostility In The Front Stage
With years of underlying tension and bitterness, the U.S. and China were on a slow path of stabilization, with plans to increase productive dialogues and diplomatic armistices. Now, one purported Chinese balloon dismantled that, spurring accusations and hostility that may persist for months if not years. Both the U.S. and China, who several surmise as two of the biggest global superpowers, have entered a conflict that can hinder not only the largest trade economy, but the safety of billions of people. Announced late last year, China’s Xi Jinping declared his third term as the leader of the CCP, removing the previous legality set that prohibited ruling for more than two terms. Since his consolidated power, Jinping has expressed his concerns over U.S. suppression and containment, creating environments that resemble that of the Cold War.
Both parties of the dispute have now continued to cite their opponent’s faults, escalating tensions by claiming more encroachment will lead to conflict and consequences. Nevertheless, a suspected Chinese surveillance balloon isn’t was several hypothesized as the beginning of such hostility. Persisting after Trump’s presidential campaign, stricter approaches to dealings with China such as trade tariffs and support of China’s foes had begun a more competitive environment with China. The war between Ukraine and Russia also didn’t make matters better, with each superpower siding with their respective opposing allies. Regardless, the suspected several surveillance balloons seemed to be a trigger point, one that has been leading to a hostile environment that can have drastic long-term implications on trade, global economies, and overall welfare.
Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
