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alstry (34.98)

Is America Driving A Wedge With World Trading Partners

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February 12, 2010 – Comments (1)

As pressure intensifies for Toyota's chief to testify before Congress about the automaker's safety lapses, Japanese political leaders and experts worry that the problem -- if handled poorly -- could damage ties between the two nations.

Relations between Washington and Tokyo are already strained by a dispute between the two governments over the relocation of a key U.S. Marine base on the southern island of Okinawa.

http://finance.yahoo.com/news/Japan-worried-that-Toyota-apf-2393039409.html?x=0&sec=topStories&pos=3&asset=&ccode=

“We should retaliate with an eye for an eye and sell arms to Iran, North Korea, Syria, Cuba and Venezuela,” declared Liu Menxiong, a member of the Chinese people’s political consultative conference.

He added: “We have nothing to be afraid of. The North Koreans have stood up to America and has anything happened to them? No. Iran stands up to America and does disaster befall it? No.”

Officially, China has reacted by threatening sanctions against American companies selling arms to Taiwan and cancelling military visits.

But Chinese analysts think the leadership, riding a wave of patriotism as the year of the tiger dawns, may go further.

“This time China must punish the US,” said Major-General Yang Yi, a naval officer. “We must make them hurt.”

http://www.timesonline.co.uk/tol/news/world/asia/article7017951.ece#cid=OTC-RSS&attr=797093

At a time when the world is facing finanicial turmoil, we are engaged in numerous military conflicts, and running unprecedented deficits..........the one thing we don't need is deteriorating relationships with our two primary trade partners.

1 Comments – Post Your Own

#1) On February 13, 2010 at 10:24 AM, Entrepreneur58 (35.98) wrote:

The conflicts will only get worse.  The Ponzi finance game keeps losing players.  Dubai, Greece, Portugal, and others are now reduced to begging for handouts and belt tightening.  There can only be one winner in the end and the remaining players keep jockeying for position.

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