Stuart Varney, during his latest 'My Take,' warns that fallout from Biden's phone call with China's Xi Jinping could lead to sanctions, raising stakes 'big time.'
warned in his "My Take" that if Biden can't convince China to stop supporting Russia in its invasion of Ukraine, possible sanctions could raise global economic stakes "big time."The president is on the phone with China's Xi Jinping. This is no ordinary great power conversation. This phone call is all about how much help China gives. Because China is the one country that can offer what Russia needs: money, electronics and weapons.
If President Biden can't persuade Xi to back off, China will be sanctioned, and that raises the stakes big time. We're also waiting for another big foreign policy announcement – the Iran nuke deal.It’s hard to believe we're going through with this, but the word is a deal is about to be signed. The Iranians would get a lot of money, and be allowed to sell more oil. In return, they agree to slow walk towards a bomb, without any snap inspections of Iranian nuclear sites. And get this: the Russians take Iran’s enriched uranium. One more foreign policy development: The New York Times has finally admitted that Hunter Biden's laptop was indeed Hunter Biden's laptop.
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