The exceptional power of the United States has structural roots

The U.S. Congressional Budget Office (CBO) estimates that tax revenue from the special tariffs imposed by President Donald Trump in April will reduce the fiscal deficit by more than $4 trillion over the next 10 years.

This means that the US$4.1 trillion debt increase caused by the 2025 Budget tax cuts will be offset by tax revenues generated by the new tariff schedule.

Treasury Secretary Scott Bessent added that if this dramatic reduction in the fiscal gap is combined with sustained economic growth of 3% or more per year, the result would be that the fiscal deficit relative to output would systematically decline year after year until it is eliminated over the next decade.

Unrestricted control of access to the North American market, with high tariffs used as a primary instrument to open large foreign markets to U.S. exports, is leading to an exceptional increase in U.S. foreign trade.

In short, all of this means that by reducing/eliminating the fiscal deficit and sustaining export growth, the U.S. is poised to overcome its main structural weakness: its current monumental trade and current account deficit , which will reach $1.1 trillion in 2024.

The US economy, the world's largest (US$27 trillion/26% of global GDP), contracted 0.5% in the first quarter of this year, but then expanded 3% in the second quarter. A new assessment by the Bureau of Economic Research (BER) later showed that GDP growth rose from 3% to 3.3%, driven by a notable 9% surge in investment in intellectual property and artificial intelligence infrastructure development, indicating that US growth is on an upward trajectory, driven by a phenomenal investment boom in the crucial technology of the era.

According to Bessent, this investment boom can be estimated at US$6.5 trillion in 2025 alone, and more than 80% of that total is strategically directed toward the development of artificial intelligence infrastructure.

This fundamental fact for the US economy was corroborated by Nvidia's 56% increase in second-quarter revenue, consolidating its US$4 trillion valuation on Wall Street and making it the most valuable company in US and global history.

The top four US high-tech companies – Amazon, Google, Microsoft and Meta/Facebook – are projected to invest $375 billion this year, rising to $500 billion by 2026. Switzerland’s UBS estimates that high-tech investment in computing equipment, led by more than 50 supercomputers, data centers and software, will account for more than 25% of total global growth so far through 2025. UBS added that more than 80% of this investment originated in the US.

The Commerce Department estimated that global spending on AI infrastructure would reach more than $7 trillion over the next 10 years, with three-quarters of that vast amount of capital coming from North American companies.

Two fundamental trends in 21st-century global politics emerge from this structural situation.

The first and absolutely decisive factor is the exceptional strengthening of American power in the economic, technological, political and military spheres , which has reached levels never before achieved in the history of the global system.

American power, in short, has structural roots; and that's why the distinction between the short and long term tends to disappear in its capacity for action, giving the contests it participates a practically pre-determined outcome. Achieving a goal for the United States today becomes, above all, a matter of persistence.

The second fundamental trend in global politics is the systematic weakening of Europe, to the point that its integration with the United States has become an explicit subordination , as clearly indicated by the trade agreement imposed by Trump on the European Union (EU).

In strategic terms, a crucial fact is that the US's absolute priority is to pursue its objectives in terms of cooperation, not antagonism, with China, the other superpower and partner in all aspects of global power.

But there is also a qualitative difference in the current US power structure: the leadership of Donald Trump , who is endowed with exceptional energy, determination, and a willingness to take risks and take conflicts.

In this regard, it is worth emphasizing that Perón stated that "the only true politics is international politics, whether it is carried out within or outside of countries."

These are the fundamental features of 21st-century global politics, which is one of absolute system integration and the technological revolution of artificial intelligence.