Group 1 - The article discusses the decline of the US dollar's dominance as a global reserve currency, highlighting that trust in the dollar is wavering due to US domestic policies [1] - Jeffrey Schott emphasizes that the current challenges in multilateral negotiations stem from a lack of trust in the enforcement of agreements, which has led to an increase in regional and bilateral agreements [2] - The article notes that the US withdrawal from the Trans-Pacific Partnership (TPP) is viewed as a significant mistake, as the subsequent Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has improved trade transparency and provided benefits to its member countries [3] Group 2 - The global trade volume has increased from approximately $5 trillion in 1994 to an estimated $33 trillion in 2024, reflecting a more than fivefold growth [2] - The average global tariff has decreased from about 40% in 1947 to below 5% currently, indicating significant progress in trade liberalization [2] - China is preparing to join the CPTPP and has conducted extensive analysis and discussions with member countries to demonstrate its commitment to meeting the agreement's high standards [3]