The 2026 Munich Security Report indicates significant shifts in global perceptions of the United States and China, with U.S. allies expressing a growing concern about America's reliability. The global risk survey, which included responses from over 11,000 people across G7 countries and four BRICS nations, revealed that while many view the U.S. as an ally, its net favorability has declined compared to previous years. Notably, the U.S. is seen as more threatening recently, contrasting with a marked improvement in China's image among certain Western nations.

This decline in U.S. approval ratings appears to stem from what the report describes as President Trump's "vacillating" approach towards China, which has led to unease and skepticism among traditional American allies. The survey suggests that this inconsistency in policy could jeopardize long-standing alliances, as many nations feel uncertain about America's commitments. The report emphasizes that countries no longer simply view the U.S. as the predominant global leader it once was, leading to a crisis in confidence regarding its foreign policy direction.

In contrast, perceptions of China have improved in some Western countries, suggesting a notable shift in international relations dynamics. While the report acknowledges that the comprehensive view of the global balance of power is shifting with these changing perceptions, it warns of the potential dangers that arise from a lack of cohesive leadership from the U.S., especially in response to rising influences from China and other global players. This scenario raises critical questions about the U.S.'s future role on the world stage and the stability of alliances based on its leadership.