Under US President Joe Biden America continues to threaten the rules-based world economic order and is pushing the trend towards de-globalization. Although the new Biden administration rhetorically seeks more „values“ and the „community of democracies,“ the United States is still at its core seeking to protect its national interests with all its economic and military power.
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This statement is supported by renowned scholars from rising powers of the South as well as Germany. The common position demonstrates our unwavering commitment to the Paris Accord and expresses our determination to deepen joint knowledge creation on existential issues for human survival and sustainable development, for global justice and social integration.
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Eine autokratische Welle
Ob unlängst bei der Münchner Sicherheitskonferenz, beim NATO-Treffen in Brüssel oder in unzähligen Mittagsgesprächen interessierter Beobachter: Die Gefahr, die von US-Präsident Donald Trump für die VN-Weltordnung – sprich Multilateralismus auf liberal-demokratischer Wertebasis – ausgeht, ist das dominierende Thema.
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Trump still aims to designate China as a currency manipulator
Last week in an interview with Reuters, U.S. President Trump labelled the Chinese as “grand champions at manipulation of currency”, indicating he has not fully backtracked from his campaign promise to designate China as a ‘currency manipulator’ on ‘day one’ of his Presidency. The position of Washington on this topic has not exactly been crystal clear, however, with the new U.S. Secretary of the Treasury, Steve Mnuchin, announcing on the same day as Trump’s comment that the Treasury was in fact still going through the formal process of analysing Chinese currency practices, and that no judgements would be made prior to the completion of that process. …
A dance among major powers
In his inaugural address, Donald Trump declared “From this day forward, it’s going to be only America first” (a phrase, associated with opponents of entering World War II). Former German foreign minister Joschka Fischer commented that “‘America first’ signals the renunciation, and possible destruction, of the US-led world order that Democratic and Republican presidents, starting with Franklin D. Roosevelt, have built up and maintained – albeit with varying degrees of success – for more than seven decades.” (Project Syndicate, “The God of Carnage,” January 27, 2017)
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