thankyounews.com – The United States and its allies are considering how to reduce economic ties with China, fearing the possibility of a new conflict or a pandemic, the Wall Street Journal wrote on Monday (4/17/2023).
According to the publication, Washington and its allies want to decide “how to cut their economic ties with China by trying to limit ties to certain sectors they deem strategic.
It should be noted that the Russian military operations in Ukraine have changed the attitude of Western powers towards their strategy vis-à-vis China.
G7 countries (Britain, Germany, Italy, Canada, France, Japan and the United States) are increasingly concerned that China “in the event of a new conflict or pandemic” could cut its main exports as a supplier key to certain goods, according to senior Western economic officials.
At the same time, the G7 countries want to avoid “beggar-neighbor” policies that would undermine global economic growth, according to the article.
According to the publication, of all the G7 countries, the US government is the most active in reorienting the global economy away from China.
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