Economic errorism by the the worlds largest Industrial Military Complex. Ready to alter the biology of mankind (ODT)
Then the US delegation, embracing the interests of infant formula manufacturers, upended the deliberations.
American officials sought to water down the resolution by removing language that called on governments to “protect, promote and support breastfeeding” and another passage that called on policymakers to restrict the promotion of food products that many experts say can have deleterious effects on young children.
When that failed, they turned to threats, according to diplomats and government officials who took part in the discussions. Ecuador, which had planned to introduce the measure, was the first to find itself in the cross hairs.
The Americans were blunt: If Ecuador refused to drop the resolution, Washington would unleash punishing trade measures and withdraw crucial military aid. The Ecuadorean government quickly acquiesced.
“Investors are now beginning to worry that this heated rhetoric is something that will last for a while and could actually lead to disruption of trade,” said Sam Stovall, chief investment strategist at CFRA Research in New York.
The Chinese Ministry of Commerce says China would fight unilateral US protectionism “at any cost” in response to Donald Trump’s announcement that he had instructed trade officials to consider $US100 billion ($130 billion) in additional tariffs.