The nearing of the presidential election is likely to increasingly inflame political divides, and as neither democrat or republican will want to appear softer of China there could be a hardening of US foreign policy. This state posture increases the chance that US-based companies - especially those with a national security sensitive focus - will pivot away from China.
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Why do you think you're right?
Having recently fended off what appeared to be a coup attempt - he has solidified his position.
Why might you be wrong?
Putin has tied a significant part of his legitimacy to the war in Ukraine, and so there is a possibility that if the war goes increasingly in Ukraine's favour there may be a more substantial threat to his presidency.