China accuses US on economic terrorism and hegemonism | Eurasia Diary - ednews.net

20 June, Thursday


China accuses US on economic terrorism and hegemonism

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China accused the Trump administration of committing "economic terrorism" on Thursday on escalating  its war of words with the United States.

The Ministry of Foreign Affairs said the White House had "brought huge damage to the economy of other countries and the US itself," spokesperson Lu Kang told reporters in Beijing on Thursday, CNN reports.

Lu described US trade policy as "typical economic terrorism, economic hegemonism, and economic unilateralism."

The statement followed similarly ominous rhetoric from Chinese state media, which issued a stern message to Washington on Wednesday: "Don't say we didn't warn you."

"At present, the United States completely overestimates its ability to control the global supply chain and is due to slap itself in the face when it sobers up from its happy, ignorant self-indulgence," said the commentary published under the pseudonym Wuyuehe. "Don't say we didn't warn you."

Asian experts warns the outcome of trade war. “We are now entering into a period of great power rivalry. The outcome is unclear, but it is critical that we stabilize the system,”  Singapore’s Heng Swee Keat, the man set to be the city-state’s next prime minister, CNBC reports.

“U.S.-China trade tension is a source of concern for everybody in the region,” Yoichi Suzuki, an adjunct fellow at the Japan Institute of International Affairs and former chief negotiator for the country’s free trade agreement with the European Union, said Friday.

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