The relations between the US and China are have deteriorated to their worst in decades since President Donald Trump took office in 2017. The new “cold war” that is set to damage the world in geopolitical and economic terms is similar to the US and Soviet Union version that started at the end of WWII. What separates the two rivalries is the extent of inter-dependency between the US and China today, which is somewhat different than the US – Soviet relationship (note that there were no joint factory production nor supply chains that linked Washington and Moscow).
In short, the US and Soviet cold war was geographical and politically influenced. These were two political ideologies competing in a winner-take-all competition. The new cold war that put the US against China, this is driven by economic power and the future leadership in the world. This is a new war that will develop into two systems, that would include two types of politics, and two types of models for world leadership. There will even be a US and a China version of the internet.
The US-China tensions rose to new levels when the Trump administration blamed Beijing for not warning the world of the coronavirus pandemic earlier and hiding the extent of the outbreak. This war will rage over the next decade with two groups forming behind Washington and Beijing.