The world order is changing fast. We are seeing the emergence of many countries on the world stage who are powerful in their own right and want to assert themselves at the global stage. The US is not the centre of the earth anymore.
Every hegemon has a sell-by date, and the U.S. is no exception. Even during the halcyon days of the 1990s — remember when the U.S. was being called a “hyperpower”? — President Bill Clinton’s administration was focused on creating institutions and a rules-based international order that it hoped would constrain China’s economic and strategic rise and extend the half-life of U.S. supremacy. For a variety of reasons, that didn’t work out so well (see: “deplorables”).