Word: relationship
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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...
...Some analysts fear the ill will caused by the tariff dispute could lead to an escalating round of conflict between the two nations, souring overall U.S.-China ties. "The action taken by the U.S. government no doubt will damage the Sino-American relationship seriously at a time when mutual trust is most needed," comments Yu Yongding, an economist at the Chinese Academy of Social Sciences in Beijing. "This is indeed a very bad beginning for the Obama government in terms of cooperation" between the two countries. (See pictures of people around the world watching Obama's Inauguration...
...opinion, and the days following Washington's tariff announcement have seen an outpouring of criticism of the U.S. decision in the Chinese press and on the blogosphere. "Americans are shameless," noted an Internet commentator. "They always blame others for their own problems." Critics accused the U.S. of sacrificing its relationship with China to domestic politics, and calls for retaliation were widespread. "The Obama administration is doing a favor for Big Labor in the U.S., but China now has to make choices of its own," blasted an editorial in the Beijing-based daily Global Times. "A trade war would be regrettable...
...This does not mean that Japan needs to turn away from its old friend, commercial partner and provider of military security, the U.S. Hatoyama's recent call for a "more equal" relationship with Washington raised concerns that the DPJ might tinker with sensitive issues like the relocation of American military bases in Japan, affecting the two nations' longstanding security pact. But DPJ leaders, who have little experience in international diplomacy, know they can't afford to upset the alliance, the cornerstone of Japanese foreign policy...
...build bridges certainly to moderate DPP politicians. After all, the party could come back to power. As for those in Taiwan who still believe they can live apart from China - well, they need to get real. In today's world, no place can flourish without having a meaningful relationship with China, least of all Taiwan. In today's world, no economy can be an island...