The money quote.
WTO, globalisation and "free" trade were cool because the US was winning. Now that it is losing, all these things are being thrown to the garbage bin
That is the $64 dollar question.
China US trade is at an all time record high volume.
Then the BRI, RCEP, and recent developments between China and Middle Eastern countries, surely suggests trade will surge.
There are actually TWO $64 dollar questions here for the Americans.
1. What are they going to do about China US trade going up to new records.
2. What will be their role to increasing trade worldwide, they really turn their backs to that?
All these Americans threats about doing something about worldwide trading relationships, seem like threats, like cheap tactics to try to coerce a better deal.
Others won't take it seriously.
Biden went to Saudi Arabia and asked them to open the oil taps. He was not taken seriously.
Xi went to Saudi Arabia, what difference that was.