Instructor: Dr. Frank Tian Xie is the John M. Olin Palmetto Chair Professor in Business and Professor of Marketing at the USCA, and Nonresident Fellow at Consilium Institute. He was a recipient of the Taiwan Fellowship and a Visiting Scholar at National Taiwan University. Dr. Xie was on the faculty of business at Drexel University. He obtained his PhD in marketing and MBA in finance from Georgia State University, and a BS from Peking University in China. Description: When President Trump started the “reciprocal tariffs” on over 180 countries in April of 2025, few envisioned the ultimate outcome of this trade war beyond increased revenue for the U.S. Treasury and encouragement of U.S. exports to the world. Trump’s Trade War 2.0, which isolates and targets China and global communism, is reshaping great power relations with tariffs, trade deals, and third-country restrictions. The most critical advancement made in Trump’s trade war seems to be a spiraling trilogy: trade deficit elimination, trade reciprocity, and, eventually, the emergence of a free China. Trump is building a new, global alliance to fight liberalism and socialism, joining partners from Javier Milei of Argentina, Giorgia Meloni of Italy, and Viktor Orban of Hungary. When the dust settles, a new pattern of great power relations is likely to emerge.