There is rhetoric at play, and the threat of a probable trade war between two power giants, theover the spread of Coronavirus, is making countries nervous and stock markets sweat.
As the number of death caused by Corona cases keep piling in the US and with each passing as the count mounts higher and higher, President Donald Trump has upped his ante against China.
In the latest tirade against China, the US Secretary of State, on 3 May 2020, said that there is “enormous evidence” that novel Coronavirus originated from Wuhan in China.
In an interview with the ABC’s “This Week,” Pompeo, continuing what President Trump has been accusing China of, added that Beijing tried to hide the facts and enormity of the disease from other countries and went to stockpile medical equipment from other nations from January this year.
According to a report by the Department of Homeland, China stopped the export of its medical supplies in early January, well ahead of the announcement by the World Health Organization (WHO) that COVID-19 has become contagious. China also went on to procure supplies from other countries.
This report has been tabled and shared among the government officials.
Late last month, President Trump had made it clear that the administration is working on multiple strategies to “punish” China. Sources suggest the US is exploring options like sanctions, canceling US debt obligations, and revisiting trade policies with China.
The death toll from COVID-19 infection has crossed 60,000 plus, and Trump, who is facing election this year, has come in for criticism for mismanaging the situation and not preparing enough for the deadly Coronavirus disease.
Other than criticizing Chinese action, Trump has also stalled all kinds of cooperation with the world health body, for being pro-Chinese.
The Trump administration has also assigned the Intelligence teams to look into the conspiracy angle that the virus originated in a lab in Wuhan.
The clamorous accusations are unlikely to die down anytime soon. Most of the countries are going to witness a recession triggered by the lockdown. Fresh calls for trade wars by the US President has already made Asian markets tizzy.