Sunday, 20 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
China's Xi to visit Southeast Asia as trade conflict with US widens
Friday, 11 April 2025 14:16 WIB | ECONOMY |Asia

Chinese President Xi Jinping will embark on a three-nation Southeast Asia tour next week in his first overseas trip this year to consolidate ties with some of China's closest neighbours as trade tensions with the United States escalate.

Xi will visit Vietnam from April 14-15, and Malaysia and Cambodia from April 15-18, state-run Xinhua news agency reported on Friday.

China, hit with 145% U.S. tariffs since President Donald Trump took office this year, is quickly moving to reinforce relations with other countries who also lie in the shadow of Washington's damaging trade levies.

Some of the countries hit by Trump's reciprocal tariffs - Cambodia by 49%, Vietnam by 46% and Malaysia by 24% - have already begun reaching out to the United States for a reprieve, leaving China an outlier among the bilateral negotiations as tensions between Beijing and Washington continue to flare.

The rare bilateral visits to Southeast Asian nations mark a high-profile personal diplomatic outreach for Xi. Earlier this week, the Chinese president pledged to deepen "all-round cooperation" with China's neighbouring countries.

On Monday, China and Vietnam are expected to sign about 40 agreements, two Vietnamese officials said, noting they would include documents on railways.

Both sources declined to be named as they are not authorised to speak to the media.

Vietnam has approached China for funding and technology to develop its railway network; and the two countries' previous high-level visits have often included deals on railway cooperation.

One of the sources said other agreements would be signed by defence and police ministries. It is unclear whether these agreements are binding and include financial commitments. In past state visits, most signed agreements were non-binding.
Xinhua news agency said it was set to run feature articles on Xi's visit to Southeast Asia, including pieces on how "flowing water cannot be severed" between China and Malaysia, and about Xi and his "ironclad friends" from Cambodia.

In the days before and after Trump's reciprocal tariffs took effect on April 9 - most of which have since been paused except for China - Beijing had already started to persuade regional blocs around the world to hold a common line against the punitive U.S. levies.

Chinese Commerce Minister Wang Wentao held video calls with his counterparts from the European Union and Malaysia, as well as Saudi Arabia and South Africa.

This week, Premier Li Qiang spoke with European Commission President Ursula von der Leyen by phone, during which they emphasised Europe and China's responsibility to support a "strong reformed trading system, free, fair and founded on a level playing field".

Source: Investing.com

RELATED NEWS
Trump threatens tariffs on BRICS nations, vows to protect dollar...
Saturday, 19 July 2025 03:52 WIB

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economi...

Waller says he's willing to lead Fed if Trump asks, but no contact so far...
Saturday, 19 July 2025 02:16 WIB

Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but s...

Fed's rate-cut delay intact as inflation fears override Trump pressure...
Friday, 18 July 2025 23:28 WIB

The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President D...

Fed's Waller Says Private-Sector Job Worries Drive Rate-Cut Call ...
Friday, 18 July 2025 19:49 WIB

Federal Reserve Governor Christopher Waller said concerns about private-sector hiring have fueled his call for the central bank to cut interest rates this month. "The private sector is not performing ...

Powell's Letter Responds to White House Criticism of Fed Renovations ...
Friday, 18 July 2025 19:24 WIB

Federal Reserve Chairman Jerome Powell, in a letter on Thursday, rebutted criticism leveled at the central bank by a top White House official regarding the $2.5 billion renovation project. "We take se...

LATEST NEWS
EUR/USD gains as Fed's Waller supports July rate cut, US sentiment improves

The EUYR/USD finished Friday's session with gains of over 0.26% amid a weaker US Dollar, following dovish comments by Fed Governor Christopher Waller, which weighed on US Treasury yields. Still, an improvement in Consumer Sentiment capped the...

The U.S. dollar slipped against the euro on Friday

The U.S. dollar slipped against the euro on Friday but held on to weekly gains, as investors weighed expected Federal Reserve policy amid signs that tariffs may be starting to increase some inflation pressures and as U.S. President Donald Trump...

Trump threatens tariffs on BRICS nations, vows to protect dollar

Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...

POPULAR NEWS
US Weekly Jobless Claims Fall 7,000 to 221,000; Estimated 233,000
Thursday, 17 July 2025 20:13 WIB

Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...

US set to impose 93.5% tariff on graphite from China
Friday, 18 July 2025 01:36 WIB

The United States Commerce Department is set to impose preliminary anti-dumping duties of 93.5% on graphite imported from China after concluding the...

S&P 500, Nasdaq 100 Climb to New Highs
Friday, 18 July 2025 01:29 WIB

US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President...

Fed's Kugler: Holding Interest Rates Steady For 'Some Time' Is Appropriate
Thursday, 17 July 2025 20:22 WIB

Federal Reserve Governor Adriana Kugler said the US central bank should keep interest rates steady "for some time," citing accelerating inflation as...