With eye on China, US and five allies condemn trade-related 'economic coercion'

[Chris]

With eye on China, US and five allies condemn trade-related 'economic coercion'
The countries expressed concern about "pervasive subsidization," anti-competitive practices by state-owned enterprises.
By REUTERS

The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China.

Australia, Britain, Canada, Japan, and New Zealand jointly released the statement with the United States, emphasizing that "trade-related economic coercion and non-market-oriented policies and practices" threatened the multi-lateral trading system and "harms relations between countries."

The statement comes after the Group of Seven leaders last month agreed to a new initiative to counter economic coercion and pledged action to ensure that any actors attempting to weaponize economic dependence would fail and face consequences.

more............ https://www.jpost.com/business-and-innovation/article-745779

 

[NewWine2020]

With eye on China, US and five allies condemn trade-related 'economic coercion'
The countries expressed concern about "pervasive subsidization," anti-competitive practices by state-owned enterprises.
By REUTERS

The United States and five of its allies on Friday condemned the use of trade practices that amount to economic coercion in a joint declaration that did not single out other countries but appeared to be aimed at China.

Australia, Britain, Canada, Japan, and New Zealand jointly released the statement with the United States, emphasizing that "trade-related economic coercion and non-market-oriented policies and practices" threatened the multi-lateral trading system and "harms relations between countries."

The statement comes after the Group of Seven leaders last month agreed to

 

[madcat]

China “owns” so much of our government, as well as up to their eyeballs in the Wuhan lab fiasco. I‘m sure they have plans in case they need to “choke” any opposition to their monopoly.

 

[Carl]

And they never get enough spying on us. Just read about tourists crashing the gate of Alaska air base. Their college students spy. Now they are building a radio signal monitoring station in Cuba.

 

[madcat]

And they never get enough spying on us. Just read about tourists crashing the gate of Alaska air base. Their college students spy. Now they are building a radio signal monitoring station in Cuba.

I just read that this am. And NOBODY is even going to pretend to protest. When some Venezuelans now say they have a better life there today, than many have in the US. - we are close to “going under”.

 

[Ghoti Ichthus]

So, it's OK to use economic coercion against Russia USSR, but when China uses it against us, it's not

I think this just illustrates that the economic war that China started during President Clinton's administration (and has been going on ever since) is hotter than anyone is willing to admit.