ThinkTankWeekly

The Case for a Grand Bargain Between America and China

Foreign Affairs | 2025-12-31 | china_indopacific

Topics: AI, China, Climate, Europe, Indo-Pacific, Middle East, Nuclear, Russia, Taiwan, Trade, Ukraine, United States

Visit original source

ThinkTankWeekly provides a curated entry and summary only. Full text and PDF remain on the publisher's website.

English Summary

The article argues that the United States and China are uniquely positioned to forge a 'grand bargain' to stabilize the global order, shifting from ideological confrontation to productive coexistence. This opportunity is driven by the recognition that both nations benefit from a multipolar world and are deeply economically interdependent. To prevent a high-risk conflict, the policy strategy must pivot toward pragmatic cooperation, requiring the reform of the international system. Implementing this bargain necessitates establishing reciprocal agreements on trade, technology, and security to ensure peaceful power sharing and mutual benefit.

中文摘要

本文論述美國和中國處於獨特的地位,有潛力達成一項「重大共識」(grand bargain),從意識形態對抗轉向建設性共存,從而穩定全球秩序。這一機遇源於雙方都認識到,雙方都受益於一個多極化世界,並且在經濟上具有深厚的相互依賴性。為避免高風險衝突,政策戰略必須轉向務實合作,這要求國際體系進行改革。實施這一共識,有必要在貿易、技術和安全等領域建立互惠協議,以確保和平的權力分享和共同利益。

Related Entries

  1. 1.

    The article outlines how a successful modern foreign policy career requires blending traditional diplomatic expertise with private sector acumen. Juster's career trajectory—from international law to high-stakes diplomacy (e.g., the Gulf War) and subsequently to the technology sector—demonstrates this synthesis. Key evidence includes his work managing complex negotiations under duress and his involvement in co-founding the U.S.-India High Technology Group. The implication for policy is that effective geopolitical strategy must actively integrate private sector knowledge and technological considerations to manage modern economic and security challenges.

    Read at CFR

  2. 2.
    2026-05-18 | europe | 2026-W20 | Topics: Europe, Middle East, Russia, Ukraine

    The analysis suggests that Russia's ability to sustain its war effort in Ukraine is facing increasing internal and external pressures. Key evidence points to a tightening economic crisis, evidenced by widespread blackouts and a noticeable scaling back of traditional military displays. Furthermore, the discussion highlights Putin's increasing isolation and micromanagement, suggesting that the strategic initiative may be slipping out of Moscow's control. Policymakers should monitor these signs of internal strain, as they indicate potential vulnerabilities and a possible shift in Russia's military and geopolitical calculus.

    Read at Chatham House

  3. 3.
    2026-05-18 | economy | 2026-W20 | Topics: Europe, United States, Economy

    The Brookings report argues that closing long-term fiscal deficits cannot be achieved solely by taxing high earners or corporations. Analysis shows that the required savings necessitate broad-based tax increases that would significantly impact middle and lower-income families, as targeted taxes on the wealthy are insufficient. The report notes that high-tax OECD nations achieve high revenues through broad consumption taxes (like VAT) rather than exclusively through highly progressive taxes on the rich. Consequently, any major tax-funded deficit solution would impose a substantial burden on the working class, potentially without the comprehensive social benefits enjoyed by European counterparts.

    Read at Brookings

  4. 4.
    2026-05-18 | china_indopacific | 2026-W20 | Topics: AI, China, Climate, Europe, Indo-Pacific, Middle East, Nuclear, Russia, Taiwan, Trade, Ukraine, United States

    The analysis concludes that China will hold the upper hand at the upcoming Trump-Xi summit, leveraging its dominance over critical minerals, rare earths, and magnet supply chains. This geopolitical leverage, combined with global instability (such as the Iran conflict), allows Beijing to dictate terms and buy time to consolidate its technological and industrial self-sufficiency. Strategically, the U.S. must avoid granting China a managed equilibrium by maintaining 'maximum pressure' on key sectors like AI and tech, rather than seeking broad agreements that could undermine American leadership.

    Read at CFR

  5. 5.
    2026-05-18 | middle_east | 2026-W20 | Topics: Middle East, Russia, Trade, Ukraine, United States

    The article argues that the ongoing Iran War has triggered a severe global hunger crisis, exacerbated by U.S. aid cuts and policy neglect, pushing millions to the brink of starvation. Key evidence includes the termination of U.S. support in countries like Afghanistan, Somalia, and Yemen, coupled with supply chain disruptions and massive cost increases across the region. Policy recommendations are urgent: the U.S. must immediately deploy its $5.4 billion in unspent humanitarian funds, establish a humanitarian corridor through the Strait of Hormuz, and reinstate life-saving aid to critical nations.

    Read at CFR