Eras come to end. Sometimes not completely, but somehow on a scale of extents, they end. History is littered with a plethora of the same. Contextualize historical Babylon, Rome, Ottoman, Zulu, even close to the great lakes region, Bunyoro Kitara empire. USSR! They surely have timelines. And there are tales to what led to the collapse in time, with ‘some’ emerging eras picking lessons. At the apex of the pile of the era’s supremacy sits pride. Not ordinarily for pride, but the never-ending pride that brings with it immense sense of immortality. And so the scribes of history keep registering new entrants as they walk on the ruins of those they take after.
The United States of America is the present era, and although many might disagree, it surely is. Until the peak of Cold War, the US made its grand entry into laying the final layer to its foundation of an era that has lived through time to this very day. But eras do not usually end on mere wishes of a day’s collapse, the events contributing a fabric to the entire veil of collapse take distinct timelines and usually a considerable time. Could it be such a point in time to witness another grand fall? China by the start of the Cold War, to many that were distracted by the unfolding of the ‘silent’ war was just like many other economies of the time ‘trying to figure it out’, even though some critics and historians safely state that the trajectory to China’s present global image had quite started a little earlier than as when the cold war started.
During President Donald Trump’s first term, the world was not surprised that the US imposed tariffs on China ranging distinctively averagely between 10% to 25%. In fact, there was a threat that with the continuous events of the day, there was possibility that the tariffs would grow to over 60% a state of affairs that China and a couple of other states vehemently disagreed with. But to the US administration of the day, it was just another typical US response to one of its present adversaries. President Joe Biden’s administration picked from what the Republicans had started and until the recent second return of President Trump into the White House for his final term as President, more escalation towards more tariffs has been intimated. What awaits is concreting of the sentiments when he is sworn in on 20th January, 2025.
But who loses? Safe it is to state that China is the most measurable fair competitor of the US on quite a number of metrics vis-à-vis the public perception of Russia as worthy enough. Of all measure points, outstanding most is the ‘economy’. China has maintained a consistent economic growth rate, inspire of the shortfalls caused by COVID-19 which disruption only slowed the country’s steady growth, but even then, the growth did not remain static. Which its growing foreign influence and policies among others wrapped in international export of drivers of the economy, some economists and foreign relations experts predict that a clearer match of the world’s two leading economies might be realized as fast as early 2035. Not so many years from today. The US exports as much into the China market as much as the US relies on China’s labour that informed base establishments by numerous US companies on China mainland to ease its expense burdens while maximizing profits. The US export farmers for example by the end of 2024 showcased fear arising from President Trump’s statements that a projection of about 3.1$ Billion is on the verge of being lost with introduction of new tariffs.
President Xi’s government has maintained its stance on the effect of such tariffs, as undermining global commerce but President Trump maintains his confidence albeit serious warnings of the implications. Interestingly, in a bid to make America great again, America will suffer more. A sharp spike in goods costs is something that cannot be overemphasized. It is expected, interestingly at a time of growing global resentment for US foreign policy perpetuated in the past and those incoming. China is not the major US problem. US rather, is US’s major problem. As Trump takes leadership, many members of the African Union stand on the hill that the grant of two seats (rotational) to the UN Security Council, and yet cannot vote on resolutions there, although proposal introduced by the US is not enough but an act of alleged continuous US bullying. But China that disagrees with such crumbing comes out as the ‘enemy’ to the US.
Turkey a NATO member has since showcased interest in joining BRICS. Saudi Arabia already did. And more BRICS issues. The Taiwan unsolved question and the scramble for more NATO membership and its consequences. A tale of eras. The world has over and over proved to be an undeniable global community whose dictates are fundamental mutual respect relations. It begs to witness the end to the pipeline of the tariffs confidence, but debatable, the world international commerce trends do not stand in the US interests especially when juxtaposed with US’s aspirations to continuously keep leading as the world’s biggest economy. It is a losing game.
The writer is a Senior Research Fellow at the Development Watch Center.