Major powers in the world have a lot of issues going on right now- climate change, a broken economy, and just the general sense that things are not going well. Three of the major players, the U.S., the EU and China have intricately interwoven foreign policies, histories and financial ties that bind them in an inconceivable domino set up. This week, two of three made a move that will affect the foreign policy, trade and financial scales for the entire world.
The United States and the European Union implemented action against China this week to stop them from restricting exports of industrial raw materials. In fact, the U.S. had recently brought the issue before the World Trade Organization (WTO), in line with President Obama’s attempts to flex some muscle in the trade policy world.
The catch is that the U.S. needs China to keep buying our debt. Read more
