Most believe the US is no longer winning on the global stage. China has the largest military in the world and the largest navy, with the capacity to build warships at more than five times the rate of the US. China's economy has grown ten times as fast in the last thirty years and overtook the US in production capacity more than a decade ago. Even in tech, most analysts put China ahead in robotics and drones. While US alliances, once a key strength, now look precarious. But there's another side to this story. Half of the world's trade is still done in dollars. US military technology is supreme. While China faces a demographic time bomb threatening growth sufficiently for the OECD to forecast India as the world's largest economy in the 2060s, not China.

Is the US still winning the fight for global dominance? Has Trump's radical shift in foreign policy laid out in the 2025 Strategic Review hastened or halted US decline? Or is the very idea of winners and losers on the global stage a dangerous and profound mistake?

Joining us from Maryland, former US National Security Advisor John Bolton, former Foreign Secretary and Defence Secretary Malcolm Rifkind, and former First Minister Nicola Sturgeon debate American power.