HIROSHIMA, Japan—Economic security was a major focus on the second day of the Group of Seven (G-7) summit in Hiroshima, with leaders outlining actions to counter Beijing’s “economic coercion” and non-market practices.
The G-7 countries—the United States, the UK, Japan, Canada, Germany, France, and Italy—announced on May 20 their plan to address the “disturbing rise in incidents of economic coercion.”
“We will work together to ensure that attempts to weaponize economic dependencies by forcing G7 members and our partners, including small economies to comply and conform will fail and face consequences,” the G-7 leaders’ statement on economic security read….