China’s President Xi Jinping has urged Vietnam to oppose US tariffs imposed by former President Donald Trump, warning of trade wars and economic consequences. The move comes as Mr Trump threatens new tariffs on Vietnamese goods.
Mr Trump’s tariffs were a key part of his “America First” trade policy, aimed at reducing the country’s trade deficit with China. However, the move was met with opposition from Vietnam and other countries, which argue that it will hurt their economies and businesses.
Vietnam has been a key partner for China in Southeast Asia, and Mr Xi’s comments reflect Beijing’s desire to protect its interests in the region. The Vietnamese government has already announced plans to strengthen ties with China and India, despite US pressure to maintain close relations with Washington.
The situation highlights the growing tensions between the US and China over trade policy, and the impact it is having on other countries in the region. As the world’s second-largest economy, China will be a major player in any trade war between the US and its rivals.
Source: https://www.ft.com/content/5e992b62-71f9-48cf-aff9-543607926c42