Over the past few decades, the world has witnessed a shift in economic power, challenging the long-standing dominance of the US and introducing a new, more competitive dynamic in global trade. For most of modern history, the United States has been at the center of international commerce.

With its massive economy, global influence, and financial power, it had the ability to impose tariffs, taxes, and trade sanctions without facing significant consequences. When the US made a decision to restrict trade with certain countries, those nations had little choice but to comply. This was particularly true for countries that depended heavily on trade with America to sustain their economies. The influence of the US was reinforced by the dollar being the world’s reserve currency and the fact that many global financial institutions were headquartered within its borders.

However, the world is no longer the same as it was a few decades ago. One of the biggest changes has been the rise of China, a country that has rapidly transformed itself into an economic superpower. This shift in the global balance of power has brought new challenges for the US, especially as China continues to grow its manufacturing base, expand its technological capabilities, and increase its influence in global trade. With this transformation, the dynamics of international commerce have changed dramatically.