During his first trip to Europe, Joe Biden kept repeating that ‘America is back’. We have to wait for the long-term effects of this visit, though. Only after some time we will see whether specific political decisions will follow handshakes and declarations. Nevertheless, we can already see that America under its new leadership is more pragmatic, predictable, and surrounded by allies, and therefore stronger.
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We are facing a major change in the balance of power on the international arena. Even if, hopefully, this new cold war does not turn into a hot one, the attention of the United States will likely shift from Europe to East Asia.
The socially liberal camp around the world, including much of the European liberals, have been celebrating this turning of the tides, even though it comes at a cost of further polarisation of the society in the US and elsewhere.