"Globalization" is the offspring of three historical and geopolitical events: the outcome of the two world wars, the U.S. decision to open up to China in 1972, and the conclusion of the Cold War, which elevated the U.S. model to a paradigm.
The end of the U.S.-China honeymoon is marked by disillusionment with the American dream, but also by the growing divergence between the economic conveniences and geopolitical trajectories of the two powers.
Interdependence, the essence of our modernity, thus becomes a source of tension with inevitable repercussions for Washington's allies—both European and non-European.