China is building new blocs in Asia – 40 deals with Vietnam to deal with US duties

Chinese President Xi Jinping has criticized protectionism “which leads nowhere” at the start of a tour of Southeast Asia today, which aims to strengthen Beijing’s trade relations in the midst of tariff war with the US. “No Winner” can come out of such a trade conflict, Si said, as reported by the Xinhua agency. Vietnam, where the Chinese president arrived today, is the first stop of his tour, before Malaysia and Cambodia. The aim is mainly to offset the impact of the duties announced by US President Donald Trump on Chinese products. Xi Jinping is expected to meet with his three counterparts in Southeast Asia countries during his tour, which is “major” for the area, Beijing said. The visit aims to present China as a stable partner partner, unlike the US that have launched a trade war by imposing duties even on […]
Source: News Beast

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