Summary
The global economic system, established after World War II and centered around democracy and open markets with significant U.S. influence, is facing challenges. Rising conflicts and trade tensions, along with shifting alliances, are testing international rules. President Trump plays a central role, while China positions itself as a more stable partner.
Key Facts
- The world economic system was set up after World War II.
- This system is based on democracy, open markets, and cooperation.
- President Trump has played a key role in impacting international relationships.
- Conflicts and trade tensions around the world are increasing.
- Shifts in alliances are occurring, demonstrating instability.
- President Trump has recently focused on actions involving Venezuela and Greenland.
- Tariffs have been a tool President Trump is willing to use against countries that oppose him.
- China is offering itself as a steady partner amid these changes.
