Pence's Sharp China Attacks Fuel Fears of New Cold War

  • ‘We’re moving toward a zero-sum game geopolitics’: analyst
  • Smaller nations look to balance relations between U.S., China
Fears are rising of an economic cold war possibly dividing Asia. Bloomberg’s Stephen Engle reports.(Source: Bloomberg)
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Since the Soviet Union fell in the early 1990s, Southeast Asia has sought to avoid getting caught in a fight between major powers. The Trump administration is making that position look increasingly untenable.

Vice President Mike Pence sharpened U.S. attacks on China during a week of summits that ended Sunday, most notably with a call for nations to avoid loans that would leave them indebted to Beijing. He said the U.S. wasn’t in a rush to end the trade war and would “not change course until China changes its ways” -- a worrying prospect for a region heavily reliant on exports.