‘The U.S. has dramatically evolved since its founding, when tariffs were the only source of revenue for the federal government. Despite the higher costs falling on American consumers and the harms to U.S. employment and production, especially in the manufacturing…
The description of the Thucydides Trap is more a description of a spontaneous escalation rather than a well-calculated move towards changing the international order. Applied to the case of the US and China, the ‘Thucydides Trap’ is far removed from…
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