The president of China, Xi Jinping, warned Tuesday that the commercial war will “erode” the global economic order, during an official visit to Vietnam, where his tour of Southeast Asia started to reinforce ties with the region.
In a meeting with President Vietnamese, Luong Cuong, XI said that commercial wars will “erode the international trade system, the stability of the global economic order and the legitimate interests of all countries of the world, especially of developing countries,” according to the Chinese news agency Xinhua.
Not explicitly mentioning the United States, the Chinese president urged Vietnam to “jointly oppose the power games and unilateralism”, within the framework of the commercial war after the first tariffs announced by Washington.
XI proposed that the presiding country and Vietnam, both governed by their respective communist parties, “respond to external uncertainties with friendly cooperation and socialist strengths.”
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XI’s visit to Vietnam is loaded with symbolism
During the visit of the Chinese president to the country of Southeast Asia, Vietnam and China they have signed 45 cooperation agreements, in areas such as Artificial Intelligence (AI), Trade of Agricultural Products and Customs Cooperation.
XI’s visit to the neighboring nation, with which the Asian giant also maintains tensions, especially related to territorial disputes, is loaded with symbolism and occurs when both parties tantage options to the tariff attacks of the president of the United States, Donald Trump.
The American taxes amount to 46% in the case of Vietnam and in the case of other countries such as Cambodia, the most punished, scale 49%, although they are in 90 -day pause.
EU did not stop the tariffs for goods from China, which reach 145%, compared to 125% with the Asian country responded as a countermelted.
XI is touring Southeast Asia with the intention of reinforcing Beijing’s relations with the neighboring region, of which he is the first commercial partner, and his trip will continue in Malaysia, where he will arrive this Tuesday, to conclude in Cambodia.
With EFE information.
