Tag: inflation

The U.S. has introduced the CHIPS and Science Act, engaged its allies in economic bullying against China and sought to decouple from China and cut China off supply chains. The U.S.’s Inflation Reduction Act forces European companies to relocate their production lines to America. All of those are defining examples of economic coercion, she said.

“U.S.-EU cooperation should not target any third party, still less seek to make an issue of China or stoke confrontation,” said Mao.

As major forces in the world, the U.S. and the EU need to demonstrate responsibility and do more things that are conducive to world stability and prosperity, she added.