Prof. Dr. Hüseyin Bağcı stated that the economic and geopolitical competition between the US and China will continue throughout 2025 and will continue to exert significant pressure on global economies.

US-China Rivalry Deepens: World Economies Under Pressure

Bağcı noted that the two countries are turning to a new area of competition, particularly over valuable and rare minerals. "It is said that there are enough lithium reserves in China to last sixty thousand years. Furthermore, the 'Lithium Triangle' located between Argentina, Peru, and Bolivia has become a focal point of interest for both China and the US in this regard," he said. He pointed out that Latin America could become a new arena of contention between the two major powers due to these valuable resources.

'When Elephants Fight, the Grass Gets Trampled'

Emphasizing that the economic tension between the US and China particularly harms smaller economies, Bağcı said, "In this process, third countries are the ones most affected by the fluctuations." Stating that Turkey also has various valuable minerals, especially boron, Bağcı stressed the importance of increasing research in this field.

Trump Effect and Globalization

Noting that the effects on global economies will be seen in the first six months if Donald Trump is re-elected as president, Bağcı said, "I think China will not back down; on the contrary, the US may have to move towards cooperation by reducing tariffs and taxes."

Touching upon the issue of globalization, Bağcı pointed out an interesting contradiction: "China is in a position that defends globalization; whereas the US, which was previously seen as the pioneer of globalization, is now following a more isolationist line."

Prof. Dr. Hüseyin Bağcı's assessments indicate that the US-China rivalry will not only affect the two countries but also global markets in the long term.