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Is the US copying China's model to survive? The debate over tariffs, free markets and reindustrialization is back at the center of American politics — and it raises a fundamental question: is the United States abandoning its liberal principles to copy China? In this excerpt from episode 205 of Market Makers, Paulo Gala and Tony Volpon unravel the transformation of the American economic model, analyze China's rise as a technological powerhouse, and discuss the role of Trump, Reagan and even Alexander Hamilton in the history of US protectionism. While part of the MAGA movement wants a return to the 19th century with tariffs and government intervention, another group is betting on freeing Silicon Valley to win the technological battle. The internal tension in the US is clear: reindustrialize at any cost or accelerate innovation? This section also covers: -How China copied the American model from the 1950s -The crisis of the American middle class and the role of global elites -The history of Silicon Valley and the myths about the "free market" -The divergences within the MAGA movement itself -The opportunities for Brazil in a world divided between the US and China What about you? Do you believe that the US needs to copy the Chinese model to compete? Or is the free market still the best way? Leave your opinion in the comments! 📌 Subscribe to the channel and turn on notifications so you don't miss any episodes! 📢Support Market Makers and help strengthen the capital market in Brazil! Click on the link and become a member of our channel for only R$7.99 per month: / @mmakers 📩Join our free newsletter: https://lp.mmakers.com.br/newsletter_... 📢 Advertise your brand on Market Makers: [email protected] 📚Market Makers Library: https://mmakers.com.br/biblioteca-mar... 📽 WATCH THE FULL EPISODE 205 ON YOUTUBE: • EUA X CHINA: QUEM VAI LIDERAR O FUTUR... - - - - - - - - USA X CHINA: WHO WILL LEAD THE WORLD'S ECONOMIC FUTURE? | Market Makers #205 Hosts: Josué Guedes (host and CEO of Market Makers) Guest: Tony Volpon (economist and former director of the Central Bank) and Paulo Gala (professor at FGV) #USA #CHINA #GLOBALECONOMY #STOCKMARKET #INVESTMENTS #FINANCIALMARKET #MARKETMAKERS #THIAGOSALOMÃO