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To put those different "Trade Deal" in their context, wikileaks has made a short but informative video: https://www.youtube.com/watch?v=Rw7P0RGZQxQ https://www.
by kome 11y ago
To put those different "Trade Deal" in their context, wikileaks has made a short but informative video: https://www.youtube.com/watch?v=Rw7P0RGZQxQ https://www.youtube.com/watch?v=Rw7P0RGZQxQ
tl;dr - US is trying to rewrite the rules of world trade because they are scared by mounting BRICS influence over the World Trade Organization.
- debacle 11y agoUS is not really scared by BRICS at all. They're scared by China, and India maybe, but the other three economies have been pretty handily defused.
- copsarebastards 11y agoI don't think Russia can be ignored in light of growing relations between Russia and China. Russia and China have different economic strengths and weaknesses that make a Russian/Chinese bloc stronger than the sum of its parts. A large part of US diplomatic work in the Middle East over the past year has been an effort to undercut Russian oil prices so that Russian oil isn't economically viable, with great success. But this is a band-aid. Even with the current US economy, the incentives that the US is providing to i.e. Saudi Arabia to keep oil prices low are tenuous; a dip in the US economy will make it impossible to maintain these incentives even if Saudi Arabia continues to be satisfied with them.