As reported by Bloomberg, ties between Russia and China are strengthening ties amidst the US’ protectionist-fueled trade war. Key quotes “The U.S.-China realignment that began with President Richard Nixon’s 1972 visit to Beijing has been reversed in the most consequential geopolitical shift since the fall of the Berlin Wall. China and Russia are now as close as at any time in their 400 years of shared history. The U.S., meanwhile, has targeted both countries with sanctions and China with a trade war. “There is no sense of threat from Russia. We feel comfortable back-to-back,” says Fu, now chairwoman of the Foreign Affairs Committee of China’s National People’s Congress. Vice President Mike Pence said the U.S. was responding to “Chinese aggression” with military spending and trade tariffs. Beijing, he said, was expanding at the expense of others and trying to drive the U.S. from the western Pacific. That kind of talk won’t be easy to forget, even if Trump and Xi agree to a trade truce at a scheduled meeting at the end of November. “I just hope that if some people in the U.S. insist on dragging us down the hill into Thucydides’ trap, China will be smart enough not to follow,” Fu says. A recent study by the National Bureau of Asian Research, a Seattle-based think tank, debated whether U.S. policy was at fault for driving Russia and China together and asked if the U.S. should correct course by accommodating one Eurasian giant to isolate the other. Some among the 100-plus participants called for Washington to prepare for the worst-case scenario the realignment implies: a two-front war. Robert Sutter, the study’s principal investigator, said at an October panel to discuss the findings that he’s had a big change of heart since he wrote in a U.S. government National Intelligence Estimate that the Russia-China relationship was an axis of convenience. “The situation is pretty bleak for the United States,” Sutter said. “And there is no easy way to fix it.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US elections amongst market movers today – Danske Bank FX Street 4 years As reported by Bloomberg, ties between Russia and China are strengthening ties amidst the US' protectionist-fueled trade war. Key quotes "The U.S.-China realignment that began with President Richard Nixon's 1972 visit to Beijing has been reversed in the most consequential geopolitical shift since the fall of the Berlin Wall. China and Russia are now as close as at any time in their 400 years of shared history. The U.S., meanwhile, has targeted both countries with sanctions and China with a trade war. "There is no sense of threat from Russia. We feel comfortable back-to-back," says Fu, now chairwoman of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
