The world’s leading economies should set up an “anti-coercion coalition” to combat Beijing’s persistent use of economic coercion to achieve its political goals, the U.S. ambassador of Japan said on March 27.
U.S. envoy to Japan Rahm Emanuel said that collective action is needed to address instances where a country utilizes economic measures to penalize another country due to its political stance, Japan Times reported.
“Economic coercion is political warfare by other means,” Emanuel said at an event at the University of Tokyo.
“It is the use of economic tools, whether that’s embargoes, tariffs, and other types of tools, to politically target a country that you disagree with and try to coerce them into changing their political stance and their political independence,” he added….