G7 vows countries wielding economic coercion will face consequences

G7 LEADERS vowed today attempts to “weaponise” trade and supply chains would “fail and face consequences”, in a thinly veiled warning to China over its economic practices.

Pushing back against Beijing’s willingness to wield trade measures in diplomatic disputes has been a key theme of the bloc’s meeting in Hiroshima, though, in the end, its statement on economic security did not directly reference China.