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China Wins as Trump Cedes Leadership of the Global Economy

January 22, 2026

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The president used a keynote speech at the World Economic Forum in Switzerland to renounce the last vestiges of the liberal democratic order.

By Peter S. Goodman | NYTimes | NYT > Business | Disclosure

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China Wins as Trump Cedes Leadership of the Global Economy

The president used a keynote speech at the World Economic Forum in Switzerland to renounce the last vestiges of the liberal democratic order.

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