June 22, 2024

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G-7 Trade Chiefs Slam Weaponization of Economic Dependencies

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Trade chiefs of the most advanced economies criticized some nations for exploiting the commercial vulnerabilities of others to pursue policy objectives, without specifying any culprit.

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(Bloomberg) — Trade chiefs of the most advanced economies criticized some nations for exploiting the commercial vulnerabilities of others to pursue policy objectives, without specifying any culprit.

The trade ministers of the Group of Seven nations pledged to build a wider network with developing nations to ensure supply chains are resilient for key items including critical minerals, semiconductors and batteries, according to the group’s joint statement released Sunday at the conclusion of their two-day gathering in Osaka, Japan. 

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