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economic coercion – XtremeCuztoms

Tag: economic coercion

China’s Ban on US Chipmaker Micron a Ploy to Divide the US-South Korea Alliance: Experts

Just after the G-7 summit in Hiroshima, Japan, the Chinese regime announced that it is banning products from U.S. memory chip maker Micron, citing national security risks. The move has put the U.S.-led coalition against Beijing to the test, experts say. Beijing’s move to ban Micron was intended to use the market vacated by Micron…


Australian PM Backs G7 Statement Against China’s Economic Coercion

Prime Minister Anthony Albanese has expressed Australia’s support for the leaders’ statement coming from the G7 summit against China asserting its disputed claims in the Indo-Pacific region through force and coercion. “We have said for some time that China’s activity, and we expressed concern for ourselves as well, the chafing of one of our aircraft,…


Australian PM Backs G-7 Statement Against China’s Economic Coercion

Prime Minister Anthony Albanese has expressed Australia’s support for the leaders’ statement coming from the G-7 summit against China asserting its disputed claims in the Indo-Pacific region through force and coercion. “We have said for some time that China’s activity, and we expressed concern for ourselves as well, the chafing of one of our aircraft,…


G-7 to Issue ‘Candid’ Response to China’s Economic Bullying at Hiroshima Summit

HIROSHIMA, Japan—Economic security will be a major focus on the second day of the Group of Seven (G-7) summit in Hiroshima, with leaders outlining actions to counter Beijing’s “economic coercion” without decoupling from China. The G-7 countries—the United States, the U.K., Japan, Canada, Germany, France, and Italy—are expected to announce “a common set of tools”…


Threats to Fuel Supply Could Cripple Australia: Australian Defence Minister

Economic coercion from China could cut off Australia’s fuel supplies, crippling the vast country’s food and transport sectors, according to Deputy Prime Minister Richard Marles. Marles, who is also Australia’s defence minister, said that Australia’s exposure to economic coercion is even greater than the risk of invasion, and the potential of such coercion going forward is…


US Ambassador to Japan Warns of Chinese Economic Coercion

TOKYO—The United States is working with Japan and other likeminded countries to counter China’s efforts to use its economic might to force political change around the world, the U.S. ambassador to Japan said Tuesday in an interview with The Associated Press. Rahm Emanuel, who was previously mayor of Chicago and chief of staff for President…


Top Aussie Wine Brand to Be ‘Made in China’ to Bypass Steep Tariffs

Leading Australian wine brand Penfolds will begin sourcing and producing wine in China in order to sidestep crippling tariffs imposed by Beijing. Penfolds has a 178-year history and is one of Australia’s oldest wineries—like many other local exporters, the company was hit by tariffs ranging from 107.1 to 212.1 percent as part of the Chinese…


UK’s New Aid Strategy Seeks to ‘Challenge Dependency on Malign Actors’

The UK will use international aid to “challenge dependency on malign actors” and “offer honest alternative for low- and middle-income countries,” the Foreign Office has said. Announcing the new International Development Strategy on May 16, Foreign Secretary Liz Truss said the UK must use international aid to achieve its foreign policy goals and counter “malign…


Beijing Continues Coercion Campaign Banning Imports From 10th Australian Abattoir

Beijing has suspended imports from a tenth Australian meat abattoir, citing a recent COVID-19 outbreak that saw 140 individuals infected with the virus. The abattoir in Naracoorte in South Australia is run by meat processing giant Teys, who received notification of the suspension on Jan. 29 from the General Administration of Customs of the People’s…


China’s Economic Coercion of Australia a ‘Wake-Up Call’ to World: UK Minister

The Chinese regime’s economic coercion of Australia has been a “wake-up call” to other countries, Britain’s Foreign Secretary Liz Truss has said. China had been Australia’s top trading partner. But after Australia called for an independent investigation into the origins of COVID-19 in April 2020, the Communist regime retaliated by adopting a series of measures…