2/2
The US is so in debt with China that it can't face up to it without risking losing access to all its cheap manufacturing. It has literally peeved off every single ally it has by flaunting its power and expecting modern-day vassalage. American is not the greatest country in the world, nor has it ever been. Yet it relies on an internal belief that it is. This brings to the country all the dejects from the military interventions it plays (and played) a role in. Those who believe America is the greatest country in the world.
Meanwhile, profoundly authoritarian dictatorships like China are laughing all the way to the bank. Winnie the Pooh wins.

Part 1/2
The funny part about this argument is that no side is in a position to do shit right now.
Russia is run by Putin and his henchmen, until he retires and then all hell breaks loose. Siberia is already "owned" by the Chinese, who strip mine and take all the natural resources. It is highly dependent on oil prices which have just crashed. The moment something happens to Putin, we're back to good ole vodka-fueled politics, i.e. insanity. People in the West might not like Putin, but he's the guy that keeps the internal weirdos at bay.
Germany likes to play both sides while casually turning a blind eye to its business partners all under the cover of "global trade". Look at its oil and gas deals with Russia, while providing logistical support to US operations throughout the world. It runs the EU and has its middle finger so up France's ass that when Merkl twists it, Macron gets his prostate exammed. In the meantime they get away with subsidising their businesses and the VW thing.