As I always say: time proves everything...
It is a good thing to go back to these old analysis and see which parts were true, which weren't and what has changed.
I dare say my analysis in OP which I posted before US elections was quite accurate. We saw Trump's tariffs a couple of days ago and we are seeing how the tensions are rapidly rising.
Here is an update:
EuropeUS regime needed Europe in its war against China. However, they never imagined their proxy war with Russia to take this long (they really thought Russia would be defeated in a matter of weeks). That proxy war US regime started has destroyed European economy and because of that weakness they refused to fully comply with US regime's demands to join the war against China. In fact many of them did the exact opposite and got closer to China!
Energy market(1) remove sanctions on Russia and let that oil flow again (2) convince Arab dictators to increase their production (3) end the wars in West Asia so that security comes back and they can actually increase production (remember Saudi invasion of Yemen is in a ceasefire state and not ended).
Trump failed to achieve #1 miserably. However he succeeded in #2, he somehow managed to strongarm the Saudi dictators to increase production and as we see today the oil price has dropped to $60 (of course another reason is recession) which will help but only a little because the inflation is harsher than what $60 can solve.
That leaves us with #3, a situation that is getting worse. This is most probably one of the main reasons why
US regime started carrying out terrorist attacks against Yemen, an operation that has cost them over a billion dollar already without achieving anything (the cost doesn't take into account the damage US Navy sustained or the aircrafts they lost).
Considering how some of the US military aircrafts used for carrying out these terrorist attack are flying from these energy rich dictatorships like Saudi usurped Arabia, Qatar and UAE that makes them and all their energy infrastructure a legitimate target. If Yemen chooses to go that way, things will fall apart in the US very rapidly... specially now that millions of Americans are protesting against what they refer to as a fascist government.
China retaliatingObviously China is responding to these acts of economic aggression but also as the title says world got one step closer to war (ie. armed conflict). For example China has already increased its aggression toward Taiwan with increased number of military "exercises" and multiple violation of their airspace and also basically surrounding this small island. I can't predict when China will invade but it is definitely one step closer.