The US, an empire in decline
PASCUAL SERRANO
The international community is bewildered by the seemingly confusing decisions of Donald Trump and his team, but in my opinion, there is a certain consistency in all of them: the recognition of the United States' failure as a dominant global power and the retreat from its leadership.
The issue of tariffs is probably the most telling. Three decades ago, the United States considered itself the victorious economic power in a globalized world. It believed its global production, sales, and distribution capacity was superior to that of other countries, and that its market dominance was absolute. At the time, free trade agreements were the perfect tools to seize control of other countries' markets. We all remember the debate surrounding the North American Free Trade Agreement (NAFTA) in 1994.
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