Minghao Zhao (Professor, Fudan University) analyzes the profound shifts in the international order under the "Trump 2.0" administration. Describing Trump's return not merely as a passing storm but as a permanent "climate change," he discusses the end of the liberal international order and the U.S. adaptation to a multipolar world. Professor Zhao provides a Chinese perspective on the recent U.S.-China summit in Busan, the interconnection of regional security crises, and the dilemma facing the Korean Peninsula.