Cold War

The great global decoupling

Illustration: Rebecca Zisser/Axios

All signs point to a decades-long cold war with China, one reshaping global alliances, politics and economies.

Why it matters: The trade war is but a very small skirmish in a much bigger and wider battle for global dominance. It’s easier to see this cold war turn hot than turn off. And, for the first time, you can see the possibility of China and America decoupling — creating two distinct, rival global systems and power structures. 

Expert Voices

Crisis persists as Venezuelans await next moves by Maduro and Guaidó

Nicolas Maduro holding up the Venzuelan flag at a rally
Venezuelan President Nicolás Maduro at a pro-government march in Caracas on May 1. Photo: Lokman Ilhan/Anadolu Agency/Getty Images

Revelations of talks between regime loyalists and the opposition interim government this week left Nicolás Maduro scrambling to close new fissures and raised the risks of further violence and instability in Venezuela.

The big picture: Nearly 30 years after the last Cold War battles in Europe, a similar fight is playing out in Latin America, with Russia propping up a dictator. More than 160 Venezuelans lost their lives during pro-democracy demonstrations in 2017, and the greatest turmoil may still lie ahead.