Core Insights - The article discusses the emergence of a new wave of right-wing conservatism in the U.S. and its global implications, highlighting a significant decline in public trust and rising economic challenges [1][3]. Economic Conditions - As of April 2025, the U.S. unemployment rate reached 4.5%, the highest in three years, indicating economic distress [1]. - From 2016 to 2025, the actual income of the middle and lower classes in the U.S. grew only by 0.7%, significantly lagging behind other developed economies like South Korea and Hong Kong [5]. Political Landscape - The new right-wing conservatism emphasizes anti-immigration, opposition to globalization, skepticism towards free trade, and a return to nationalism and religious conservatism [7]. - The "Trump 2.0" administration quickly implemented measures such as federal workforce cuts and increased tariffs, altering both domestic and international dynamics [7]. Global Impact - The rise of right-wing movements has led to increased support for far-right parties in Europe, with significant gains for parties like Germany's Alternative for Germany and France's National Rally [7]. - Traditional alliances, such as NATO, are experiencing strain, and international organizations like the WTO and WHO are losing authority [7]. Shifts in Global Cooperation - China has shown resilience amid global turmoil, with trade with "Global South" countries increasing by 8.2% in 2025 [11]. - Countries like Germany and France are reconsidering their strategies, seeking closer ties with China to reduce dependence on the U.S. [13]. Future Governance Trends - The world is transitioning from "ordered multilateralism" to "disordered multipolarity," with the U.S. experiencing a long-term strategic contraction [11]. - Experts predict a new normal characterized by regional competition and the absence of a single dominant power, with China leading efforts to establish new multilateral mechanisms [11].