Visit, XIThe first foreign trip this year comes a few days after the US president lifted the tariffs for Chinese goods to 145 percent, deepening the fears of the two -world economies in the world and caused sale in world markets.
On the eve of the visit of XI, he called for greater cooperation with Vietnam and other developing economies to promote “equal and orderly multipolar world”.
“The trade war and the tariff war will not lead to the winner, and the protectionism will not lead anywhere,” writes SI in Vietnamese media, adding that countries should “strongly protect the multilateral trading system, stable global industrial and supplies and open and cooperative international environment.”
Many Southeast Asian countries have high trade surpluses in goods from the United States because of inexpensive exports, they were also affected by hacking up to 49 percent. Global supply networks have moved to the region in recent years, especially in Vietnam, trying to diversify from China and avoid us tariffs.
Since then, Trump has announced a 90-day appeal at some tariffs, but the uncertainty of trade has caused unresolved Southeast Asian governments and raised questions about Washington’s commitments in the region, where China is already the largest investor and trading partner in many countries.
The visit of Sym is a message that “we are those who are trying to defend the current international economic order, we are those who protect barriers and that the Chinese market will remain open,” said Dylan Loch, an associate professor at the Singapore University of Nanyang.
By nominating uncertainty, the US on Friday announced that smartphones and some other consumer technology products, as well as semiconductors and equipment to create chips imported from China, will be excluded from steep “mutual” tariffs before Trump canceled the course on Sunday and stated that the release was temporary with A. A separate tariff mode be created for the sector.
The Chinese leader’s excursion starts on Monday in Vietnam, one of the fastest growing economies in the world and the new production power plant. On Tuesday, he was heading to Malaysia, this year, chairman of the Southeast Asia and Cambodia Association.
XI will also try to benefit with Southeast Asia leaders under pressure to hack the transitions of Chinese goods through its countries to bypass the US tariffs.
Write in Financial Times Last week, Trump’s trade advisor Peter Navarre said: “We want to hear from countries, including Cambodia, Mexico and Vietnam that you will stop allowing China to avoid tariffs to the US by converting exports through your countries.”
Last week, US Finance Minister Scott Ino met Deputy Prime Minister Vietnam Hook Foc and agreed to start official trade talks.
Jammi Si, an independent Chinese policy analyst, said Washington has opened trade negotiations with different countries, “one big question” would be open from China in exchange for access to the US market.
“The game goes on to try to get” third “countries on the side, SI said.
On Friday, Spanish Prime Minister Pedro Sanchez met SI in Beijing, and EU leaders are planning to go to China for the summit in late July. Sanchez said that he was seeking to deepen his ties with the European country against the background of the fierce trade war and repeated his warning that the world was “experiencing accelerated changes that are invisible in the centuries.”
The US tariffs presented this month will have a detrimental impact on Southeast Asia countries, economists warned. Vietnam, which threatens 46 percent bet, will be one of the most difficult hits, and the US is almost a third of its exports.
OCBC Singapore Bank reduced GDP growth in GDP for Vietnam from 6.2 percent to 5 percent after the tariff announcement, although Hanoi retained an 8 percent growth goal.
Lokh said the countries of Southeast Asia would try “hedge and walk an increasingly thin line” between super-state superpowers. While Vietnam was one of the largest The biggest source of new investment projects.
Singapore’s Foreign Minister said Interview with FT last week That the upheaval of the world trading system may be “very hostile to small peoples”, which risks “squeezing”.
Beijing spent years, creating strong economic and trade relations in Southeast Asia, investing billions of dollars in the infrastructure, even if its territorial disputes in the South China Sea deteriorated.
James Chak, experts in China at the School of International Studies S Rajaratnam in Singapore said that the uncertainty caused by Trump’s trade policy has created an opportunity for Beijing to “put its requirements to be a reliable partner for the region.”
But while many economies developing in Southeast Asia are increasingly agreed with China, it is widely extended to Beijing’s influence in the region, he added.
“At heart, most Southeast Asian countries have reservations over China’s potential to become a great hegemon of great force,” Char said.
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2025-04-14 02:00:00
