Donald Trump has abandoned the project of neoliberal globalization in a desperate bid to reverse America’s decline. It’s cut the ground from underneath Washington’s junior partners and left the European Union floundering.

Describing the state of the world today, it’s gotten harder to avoid clichés. The economic warfare unleashed by Donald Trump, a rising China’s refusal to take his provocations lying down, and the ongoing war in Ukraine have generated levels of systemic uncertainty unseen since the interwar period, if not before. Fear of another great crisis, or even another great war, are understandably widespread — perhaps nowhere more so than in Europe, the region that stands to lose the most from the emerging Cold War.

How much of this turmoil is to be blamed on an erratic American l

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