Existing frameworks don't grant America much uneven advantage anymore, so there is a need to create new ones.
US declines to join CPTPP.
US to counter Chinese economy with a new framework called the "Indo-Pacific Economic Framework."
Just like how WTO need to be revamped to align with US interest.
Just like how a new "rule-based world order" is now being pushed over the existing UN-based world order.
Or exclusive US-led "indo-pacific" over what is actually Asia-Pacific.
But the issue is, to create a new unequal playing field tilted to your advantage require cost, and American society as a whole is unable to keep up with the maintenance cost, which US politicians are trying to offload onto allies/ others nations. Constant trade deficit is needed to export dollars, but sanctions are making nations wary of furthe exposure to dollar asset. Trade benefit with US is recognised, but more and more partners are realising to do so at the cost of killing trade relation with China is no longer a viable option in the future.