Right now, there's the pressing matter of Iran: Obama needs China to endorse sanctions, which China seems loath to do. China's intransigence on revaluing its currency and agreeing to climate change initiatives are also plaguing the administration and fueling anti-China sentiments in Congress. The foreign policy cognoscenti in Washington are calling for action.
Should? How about rephrase that to can? The trouble with habitual borrower with huge debts, it's tough to push geopolitical issues with your biggest lender.
Source: finance.yahoo.com
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