Chinese production continues to rise faster than domestic consumption, and even if China allows the renminbi to appreciate against the dollar, a rising trade surplus could lead to another increase in tensions.
The Obama administration's Nuclear Posture Review reflects modern reality and gives momentum to President Obama's long-term goal of living in a world without nuclear weapons.
The new START agreement that President Obama and President Medvedev will sign in Prague on April 8 provides concrete and tangible progress in bilateral relations and addresses the biggest existential threat the United States faces—Russia’s nuclear arsenal.
When President Medvedev and President Obama sign the new START agreement in Prague on April 8, they should emphasize their common interest in nuclear disarmament and make the ratification process another step in the positive resetting of relations.
President Obama should assess whether any other leaders of major countries are seriously prepared to pursue a nuclear-weapon-free world. If some are, he should invite them to join him in detailing a ten-year action plan to minimize the dangers posed by fissile materials and maximize the potential of peaceful nuclear energy.
In spite of discussions highlighting the intense partisanship of U.S. politics, there is a strong bipartisan consensus on the key issues of U.S. foreign policy, including Afghanistan, Iraq, and Iran.
Russia is already doing much to help the alliance in its struggle against the Taliban insurgency, yet there is a growing feeling in the West that Moscow could be playing a more decisive role in Afghanistan.
U.S. Secretary of State Clinton leaves for Moscow for a Quartet meeting on efforts to revive Israeli–Palestinian peace talks. She will also meet with President Medvedev to address the bilateral agenda, not least the successor agreement to START and Iran's nuclear program.
Rather than expending energy solidifying relations with long term allies, the Obama administration has focused its foreign policy efforts on improving relations with its competitors and adversaries.
Given the reset in U.S.–Russian relations, the time is ripe for the United States, Europe, and Russia to devise a security architecture for a new century—one capable of maintaining peace and stability on the European continent throughout the years to come.