Opinion | China or America? Boris Johnson’s Brexit Britain seeks a new strategy as Sino-US rivalry deepens
- Britain needs friends both old (the US) and new (China), but openly courting Chinese investment, especially in tech, will sever transatlantic relations, while hewing to US sanctions will lose Britain the massive Chinese market
Lord Palmerston best described Britain’s grand strategy when he declared that the country has no eternal allies and no perpetual enemies: “Our interests are eternal and perpetual, and those interests it is our duty to follow.”
And one perpetual British interest is that no state in continental Europe should ever be allowed to establish continental hegemony. So Britain has acted as an offshore balancer, pivoting to the weaker continental coalition and allying with almost every single major power of continental Europe before eventually balancing against its former allies when those became dangerously strong.
When this threat was eclipsed in the early 1990s, Britain opted out of the next ambitious stage of the European Union: the European Monetary System, which led to the euro zone.