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China sees the matter as "a sovereign issue," Obama said. However, he emphasized, "It is actually in China's interest to achieve this rebalancing." China currently pegs its currency, the yuan, to the U.S. dollar. American manufacturers claim this severely holds down the price of Chinese products in other markets, making their own goods less competitive. Obama was asked whether some of the momentum built at the summit on combatting the spread of nuclear weapons could be transferred to other causes, such as achieving peace in the Middle East. "The need for peace between Israelis and Palestinians and the Arab states remains as critical as ever," he said. But, in a sober assessment, he added: "It is a very hard thing to do." "Even if we are applying all of our political capital to that issue, the Israeli people, through their government, and the Palestinian people, through the Palestinian Authority, as well as other Arab states, may say to themselves,
'We are not prepared to resolve these issues no matter how much pressure the United States brings to bear.'" Throughout his news conference, Obama struck a measured tone about the role of the United States in international affairs. He made it clear it was absolutely the role of the U.S. to lead on matters such as nuclear security if other countries are to do their part. But on getting countries in the Mideast to agree to peace, on getting the Chinese to move to a market-based currency, on getting Iran and North Korea to play by international rules on nuclear compliance, on getting countries to live up to their fresh pledges on nuclear security, Obama repeatedly said the U.S. can't enforce the world. Countries must respond on their own. "In all of our efforts internationally, in every treaty that we sign, we're relying on good will on the part of those who are signatories to those efforts. That's the nature of international relations," he said.
[Associated
Press;
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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