Putin stands by China, criticizes U.S., in trade, Huawei disputes


Putin stands by China, criticizes U.S., in trade, Huawei disputes
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping tour the Kremlin following their talks, Moscow, June 5.

In Summary

  • Aggressive U.S. tactics such as a campaign against Chinese telecoms firms Huawei will lead to trade wars - and possibly real wars - Russian President Vladmir Putin said on Friday, in a show of solidarity with china alongside its leader Xi Jinping.
  • In some of his strongest words on the subject, Putin accused Washington of “unbridled economic egoism”. He singled out U.S. efforts to thwart a Russian gas pipeline to Europe and a U.S. campaign to persuade countries to bar Huawei, the world’s biggest telecoms equipment maker, from supplying network gear.
  • His broadside, at an economic forum in St Petersburg on the same platform as Xi, was a clear show of unity with China at a time when Beijing is locked in a trade war with Washington and Moscow’s own ties with the West are at a post-Cold War low.

Aggressive U.S. tactics such as a campaign against Chinese telecoms firms Huawei will lead to trade wars – and possibly real wars – Russian President Vladmir Putin said on Friday, in a show of solidarity with china alongside its leader Xi Jinping.

In some of his strongest words on the subject, Putin accused Washington of “unbridled economic egoism”. He singled out U.S. efforts to thwart a Russian gas pipeline to Europe and a U.S. campaign to persuade countries to bar Huawei, the world’s biggest telecoms equipment maker, from supplying network gear.

His broadside, at an economic forum in St Petersburg on the same platform as Xi, was a clear show of unity with China at a time when Beijing is locked in a trade war with Washington and Moscow’s own ties with the West are at a post-Cold War low.

“States which previously promoted free trade with honest and open competition have started speaking the language of trade wars and sanctions, of open economic raiding using arm-twisting and scare tactics, of eliminating competitors using so-called non-market methods,” said Putin.

“Look for example at the situation around Huawei which they are trying not to just squeeze out, but to unceremoniously push out of the global market. It’s already being called the first technological war of the emerging digital era in some circles.”

The world risked slipping into an era when “general international rules will be exchanged for the laws of administrative and legal mechanisms … which is how the United States is unfortunately behaving, spreading its jurisdiction over the whole world,” added Putin.

“…It’s a path to endless conflicts, trade wars and maybe not just trade wars. Figuratively speaking, it’s a path to battles without rules that pit everyone against everyone else.”

Putin also complained about the U.S. dollar, calling it an instrument of pressure whose role in the financial system should be reconsidered.

China’s Xi struck a more conciliatory tone, calling for world powers to protect the global multilateral trade system. Speaking through an interpreter, he said it was “hard to imagine a complete break” between the United States and China.

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