Global Trade Shift: China Seeks Allies amid U.S. Tariffs
Chinese President Xi Jinping's diplomatic visit to Vietnam has drawn global attention, particularly in light of the 145% tariff imposed by the United States on Chinese exports. This move has intensified trade tensions between the two economic giants, prompting China to seek stronger alliances with Southeast Asian nations. During his visit, Xi urged Vietnam to stand against unilateral trade restrictions, emphasizing the need for stable global supply chains and economic cooperation.
China has been actively working to expand its trade partnerships with countries like Vietnam, Malaysia, and Cambodia, aiming to mitigate the impact of U.S. tariffs. However, despite these efforts, no single country can fully replace the trade volume China previously had with the U.S., which played a cruci...