The Financial Action Task Force (FATF) had its annual plenary meeting last week in Paris, where it grappled with hard cases, like Pakistan. FATF’s blacklist for nations that do not uphold its standards can effectively cut them off from the international financial system.
Chinese state-owned companies are using their financial leverage to build strongholds in Portugal, Greece and Italy. Many of the targeted countries are becoming soft supporters of China on the international stage.
Early next month, the U.S. will re-impose sanctions on Iran that had been lifted under the Iran nuclear deal. China’s largest oil refiners may also stop importing Iranian oil in November, which will effect Iran’s economy.
Two nuclear-armed rivals in South Asia—India and Pakistan—have not fought openly since the 1999 Kargil conflict, but the lack of active war has not meant the absence of violence.
China’s global rise and its Belt and Road Initiative present a challenge to the shared interest of Europe and the United States in maintaining the rules-based international order.
Countering traditional notions of balance-of-power theory, smaller states have not joined together militarily to oppose the United States' rising power at the end of the Cold War, Chinese aggression in the South China Sea, or Russian offensives along its Western border.
Until recently the idea of doing without bills and coins seemed like science fiction. But today, it’s a reality.
President Trump’s new tariffs on $200 billion worth of Chinese goods begins on Monday. The impact on the U.S. economy is expected to be less severe but still substantial.
The fact that several European countries are moving to impose restrictions on Chinese investments is noteworthy and represents a major change from just a few years ago. Yet, internal disagreements within Europe on how to approach foreign direct investments remains an impediment.
Washington and Tokyo are sending some conflicting signals regarding their policies toward China, bracing for strategic competition but also trying to strengthen cooperation in certain priority areas.