On 20 January, Donald J. Trump will be sworn in as President of the United States for the second time.
With him, there will be no "soft trade" or multilateralism, but a logic of nations governed by power relations.
Faced with this new order, in which historic partners become rivals and alliances are now only circumstantial, what will Europe do?
Between its desire to assert its power and its concern to protect its interests,
Which card will China play? Will the "multi-aligned" countries such as India be able to maintain their position?
Finally, as the United States prepares to withdraw from the Paris agreements once again, will the climate be the big loser?
Find out more with this replay of the latest conference of the Economic Research department of BNP Paribas, held on 10 December.