As we know, Albo is the Manchurian Candidate, fed by Sinophiles in his party to the point of nausea.<\/p>\n
Let\u2019s recall what the G7 did when China attacked Australia unilaterally<\/a>.<\/p>\n The U.S. and its allies are grappling with how to pare their economic relationships with China, attempting to limit ties in certain sectors they view as strategic while preserving broader trade and investment flows with the world\u2019s second-largest economy.<\/p>\n Russia\u2019s invasion of Ukraine changed how Western powers think about their strategy toward China, another geopolitical rival and a close partner of Moscow. Russia throttled natural-gas exports to Europe during the war, destabilizing global energy markets.<\/p>\n The Group of Seven advanced democracies are growing concerned that China, a dominant supplier of many goods and materials, could similarly cut off key exports in the event of a conflict or another pandemic, according to top Western economic officials. They also worry that Western investment and expertise, if left unrestricted, could help develop Beijing\u2019s military.<\/p>\n \u201cSo the lesson learned from that for all of us has been: Let\u2019s do that hard work now on the front end,\u201d said Wally Adeyemo, deputy Treasury secretary.<\/p>\n \u2026\u201cThe big strategic choice that we have is whether in seeking to strengthen our supply-chain resilience\u2026we do so in a way that tumbles the world back into protectionism,\u201d Jeremy Hunt, the U.K.\u2019s chancellor of the Exchequer, said in an interview last week in Washington. He said Western allies should \u201cwork together as fellow democracies to improve that resilience.\u201d<\/p>\n G-7 officials said last week they had agreed to new initiatives for bolstering supply chains on the sidelines of the semiannual meetings of the International Monetary Fund and World Bank. The step followed a recent commitment by the U.S. and its allies to develop new policy tools to counter hostile economic measures.<\/p>\n \u2026The European Union\u2019s executive body, member governments and parliament last month agreed on a draft \u201ceconomic coercion instrument\u201d that would lay out steps for consultation and retaliation against a country deemed to engage in economic coercion. The subject is expected to be on the agenda for the G-7 leaders\u2019 summit in Hiroshima, Japan, next month, and a bipartisan pair of U.S. senators has drafted legislation on the topic.<\/p>\n