Trade war escalates? Beijing points finger at IMF as US berates Chinese megaproject in Pakistan for debt-trapping

REUTERS Caren Firouz 2

A senior US diplomat launched a verbal barrage at Beijing’s economic presence in Pakistan, claiming the massive investment brought nothing but corruption and a legacy of debt. China hit back saying IMF loans were a worse burden.

The US and China may be interlocked economically and financially, but it doesn’t make them friends. A power struggle against the rising superpower is a major part of Donald Trump’s foreign policy, and one of its latest verbal battles could be heard this week over Pakistan.

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