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Home Financial Advisor

How Joe Biden Can Deter China

by admin
November 18, 2023
in Financial Advisor


Whatever else came out of this week’s meeting between Presidents Biden and Xi Jinping, there was no sign that China intends to cease its military aggression in the western Pacific. That raises the stakes for Mr. Biden to offer at long last a plan to deter an attack on Taiwan.

Mr. Biden has asked Congress for more than $105 billion in emergency funding for Ukraine and Israel, but Pacific deterrence is an afterthought. He is seeking a mere $2 billion in military sales for partners across the region. There’s also some money for American submarines and U.S. financing alternatives for developing countries pondering a loan from China.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



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