In this PSIA student essay, Victoire Reboul argues that the idea of a « new Cold War » between the US and China in the Indo-Pacific is misguided due to factors such as high interdependence and the adoption of a two-track foreign policy by most states in the region. Hence, framing the rivalry as a Cold War would be a strategic mistake. The Indo-Pacific is moving towards a model of dynamic bipolarity rather than a return to the Cold War era.