The spread of the coronavirus pandemic and the slowdown in economic activity in the United States have strengthened the position of supporters of “decoupling” from China. The U.S.-China relations are progressing from “patient integration” to “impatient disengagement”. Escalating research spending, accelerated industrial modernization, and the expansion of China’s high-tech exports have been identified as major challenges to American technology dominance. The fragility of global value chains in cooperative relationships between US and Chinese companies has become particularly evident. The United States plan to free themselves from dependence on China’s innovative technologies and critical materials. Washington’s efforts to revive the country’s manufacturing industry received a new impetus. American TNCs have begun to return some of their enterprises to the USA. The “technological boycott” of China is aimed at causing maximum damage to the development of any competitive business that presents a challenge to American multinational corporations, and to slow down the progressive technological development of the PRC. Equally important are considerations of industrial policy aimed at crowding out competitors. Washington’s protectionist actions led to a reduction in trade and mutual investment and have put American companies targeting Asian consumers in a difficult position. Washington is beginning to fear that Beijing may powerfully respond to the United States with countermeasures that are sensitive to the American military-industrial complex and innovative sectors of the economy. Washington’s aggressive actions are mobilizing China’s efforts to move up the value chain and localize products to achieve self-sufficiency in key technologies. However, the threat remains that protectionism could become a “new normal” not only for U.S.-China relations. The only viable alternative to this scenario may be the joining of efforts of market participants interested in returning to international legal norms of trade.

The article analyzes major trends in domestic, social, economic, trade and foreign policy of the USA in 2020. The last year of Donald Trump’s presidency became the most traumatic and unpredictable for the country. The COVID-19 pandemic dominated every process in the political, social and economic life of the American society and government. At the same time, it accentuated the main trends of the Trump foreign policy. Trump became the first president to be impeached twice, the 13th president who after being nominated by his party was not reelected by the society, the first president trying to fight both unknown epidemic and economic crisis during his reelection year, the first president who chose not to come to the inauguration of his successor, the first who made decisive steps to break with American-China interdependence and the first who openly declared that he put American interests above those of the other countries, even the allies. His presidency changed the USA deeply and the last year was the turning point in this transformation. He was the most polarized president and he left behind a deeply divided country. Trump spent his last year in the White House battling with the pandemic and fighting for power, and it highlighted how limited the capabilities of the American presidency are in the polarized system where political compromise between the parties is no longer possible. At the same time this last year pointed out a critical importance of a leader’s personality for politics in all spheres. In the time of deep polarization, foreign policy became the only sphere of possible compromise for the parties. Both Democrats and Republicans supported the economic instruments sponsored by Trump of ensuring American leadership in time of pandemic, despite his arrogant style so much criticized by the opposition. After four years of Trump’s presidency the policy of sanctions is considered an effective and long-lasting instrument to control the competitors and enhance the American influence. At the same time while the trend of confrontation became dominant during the Trump’s presidency and his policy of economic nationalism could have more distant and strategic consequences, the confrontation with key actors such as China demonstrated the limits of American power to influence and to control unilaterally both the global economic and political processes and the behavior of different actors. This article is a result of a collective multi-aspect research of transformations taking place in the US on a real time basis. The analysis is built methodologically on the systemic approach to studying American political, social and economic trends, both domestically and on international level.