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...Until now. A widening trade dispute threatens to ratchet up tension in the China-U.S. relationship, with potential consequences for the entire world economy. The spat began on Sept. 11, when the Obama Administration announced it will slap tariffs of as much as 35% on Chinese-made tires, effectively pricing them out of the low end of the American market. Two days later, China's Ministry of Commerce said it would start antidumping investigations against imports of some U.S. chicken products and auto parts. Though the ministry's announcement made no mention of the tire tariffs, the timing...

Author: /time Magazine | Title: Why the China-U.S. Trade Dispute Is Heating Up | 9/14/2009 | See Source »

...trip to Pyongyang evokes the never-ending back-to-the-future quality of dealing with North Korea. "They've repeated the same pattern over the past two decades," says Yun Duk-min of the Institute of Foreign Affairs and National Security in Seoul, a Foreign Ministry think tank. Ratchet up the nuclear tensions, declare diplomacy dead, and then hope to win even bigger concessions as talks reconvene later. But since taking office, Obama has proved no slouch at playing the game from the other side. In the wake of the nuclear test this past spring, the President dropped the rhetoric...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

...Washington. "It is very rare for any U.S. official, [much] less the Vice President, to make concrete comments on the possibility of an Israeli military strike on Iranian nuclear facilities." Kupchan warned in a note on Tuesday that Iran could interpret Biden's remarks as "a proxy threat to ratchet up pressure ... and [Tehran could] react aggressively...

Author: /time Magazine | Title: Oil Shocks: Biden, Iran and Fears of Another Price Jump | 7/7/2009 | See Source »

...damaged, too, in hardscrabble industrial regions. A fresh face might be expected to give the party a boost and could hardly perform worse. But Brown picked up the keys to 10 Downing Street from Tony Blair, and any handover of power from one unelected Prime Minister to another would ratchet up pressure from political opponents and the public for an early election. When it came to the crunch, MPs - many of whom fear losing their seats - opted to put off the moment of truth. In retrospect, that was not surprising; turkeys rarely vote for an early Christmas...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

...plans for Father's Day? No. I try not to celebrate Father's Day; it's my wife who insists on doing it. If she can ratchet up Father's Day, it means Mother's Day is that much bigger. That's the only reason it gets celebrated. It's a phony holiday...

Author: /time Magazine | Title: Michael Lewis on Father's Day | 6/19/2009 | See Source »

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