This proposed economic model would emphasize fairness, stability, openness, and freedom, aiming to exclude nations that cheat, manipulate markets, or threaten global peace, such as Russia and China.

The escalating economic conflict includes China's export restrictions on critical minerals and lithium batteries, which threaten global supply chains and market stability.

A proposed solution is creating a 'Near-Global Economy' led by the US, involving a voluntary trade union of nations adhering to American rules, offering benefits to compliant members and restrictions to rogue nations.

In response, the Trump administration has threatened tariffs to counter China's economic strategies, but there is a push for long-term solutions beyond tariffs.

China's current economic policies are viewed as self-destructive, and establishing a new, rules-based trade system is seen as essential to winning the ongoing economic war.

Critics highlight China's practice of flooding global markets with subsidized goods like cars and steel, which undermines fair competition and endangers domestic industries in Europe and the US.

This new trade system would be based on core principles such as enforcing fair market practices, maintaining stability by excluding destabilizing nations, ensuring transparency, and supporting regimes that uphold property rights and market reforms.