The election of Donald J. Trump as the US President has caused much anxiety about its damage to the liberal international order. But Trump is the consequence, rather than the cause, of the crisis and decline of the existing order. That decline, as foretold in Acharya’s 2014 book, The End of American World Order, has to do with the liberal order’s own internal limitations – aggravated by a long-power shift in world politics – that a complacent liberal establishment in the West had glossed over earlier. Recognizing the broader and multifaceted nature of those challenges is key to any hopes for building world order 2.0: a decentered and pluralistic Multiplex World, with its own challenges and opportunities.