Multipolarity Premium Edition Teaser: Has China Won The Trade War?
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Nov 6, 2025 The hosts delve into the implications of the recent US-China trade deal, highlighting its significance as a potential turning point in global economics. They discuss Dick Cheney's legacy and the evolution of American power. The conversation touches on China's growing dominance and the shift in economic leverage, as well as historical perspectives on trade conflicts. They also critique the economic impact of the trade war on Wall Street and explore how Americans perceive their economy in this changing landscape.
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Truce Signals End Of Unipolarity
- The US-China deal is framed as a truce where the US effectively backed down to Chinese economic power.
- Andrew Collingwood argues this marks the end of unipolarity and a shift to a multipolar world order.
China Gains Concessions In Deal
- The deal saw China relent on rare earth restrictions and agree to buy US soybeans while the US reduced tariffs and tech controls.
- Collingwood concludes China came out ahead because the US withdrew from prior high-tariff and tech restriction positions.
China Controls The Escalation Ladder
- Philip Pilkington says the agreement reveals the American economy's subordination to China's economic power.
- He argues China controls the escalation ladder in trade brinkmanship, forcing the US to de-escalate.
