Former UK Prime Minister Rishi Sunak stated that the US-led global order is over, describing President Donald Trump as a symptom rather than a cause of this breakdown. Speaking at the Bloomberg New Economy Forum in New Delhi, Sunak highlighted the immense geopolitical uncertainty and danger the world now faces. He noted that China has emerged as a peer competitor to the US in economic, military, and technological domains, while nations like India and Gulf states now possess greater autonomy to define their own paths.
Sunak also warned about the strategic risks of relying on China for critical minerals and essential pharmaceutical ingredients. He suggested that efforts to diversify supply chains could position India as a major beneficiary, especially as trusted partners like the US and UK seek resilient alternatives. Additionally, Sunak projected that technology companies will surpass the US government as the largest net issuers of long-term debt by 2027.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing