U.S. leads world in economic coercion
Time:2024-05-08 13:22:06 Source:businessViews(143)
Cartoon by Ma Hongliang.
The U.S. has initiated yet another baseless smear campaign against China, rallying several countries to accuse China of "economic coercion." This has been used as an excuse to take measures targeting China.
However, no country is more deserving of accusations of economic coercion than the U.S. The U.S. government has a well-established track record of engaging in economic coercion and abuse of long-arm jurisdiction.
Under the guise of strengthening national security, the U.S. passed the CHIPS and Science Act, prohibiting subsidized chipmakers from expanding chip production capacity in China for 10 years. Meanwhile, it has pressured its allies to restrict semiconductor exports to China, abused national power to unreasonably suppress Chinese companies like Huawei (thereby disrupting the free market), and leveraged its financial hegemony to arbitrarily impose sanctions against governments, companies, and individuals of other countries.
The U.S. is the No. 1 player in imposing economic coercion worldwide. It needs to address its actions that conflict with market economy principles and fair competition, actions that also damage the international economic and trade system, and threaten the stability of global industrial and supply chains.
Previous:The Titans bolster wide receiving group by adding Tyler Boyd, AP source says
Next:Joe Burrow is throwing again as the Bengals' franchise QB rehabs his surgically repaired wrist
You may also like
- Lunar New Year Eve sees over 190 million passenger trips across China
- As Ben Affleck's daughter comes out as 'Fin', why are so many A
- As Ben Affleck's daughter comes out as 'Fin', why are so many A
- How major US stock indexes fared Thursday, 4/18/2024
- China's Lin dashes Fan's title defense hopes at ITTF World Cup
- Tommy Fury heads out in his £180,000 Mercedes G Wagon for a haircut after his fiancé Molly
- Dubai rain: Emirates again halts local flight check
- AP Week in Pictures: Asia
- How major US stock indexes fared Tuesday, 5/7/2024