Updated on April 11, 2025, 08:55 am he.
Bangkok – The Chinese president heads for a three -nations tour in Southeast Asia after his government has increased the prices on American products to 125%, the last strike of an intensifying trade war that flowed the stock markets and threatens to kill the world economy.
The 125% increase compared to 84%, in force on Saturday, corresponds to the recent series of tasks, US President Donald Trump was taken from China. The White House said that American prices on Chinese products are now totaling 145% when previous samples aimed at discouraging fentanyl expeditions are included.
“There are no winners in tariff or commercial wars. China does not want a trade war, but it is not afraid either,” Lin Jian, spokesperson for the Chinese Ministry of Foreign Affairs on Friday.
“If the United States really wants to solve problems through dialogue and negotiation, this should stop applying maximum pressure and acting recklessly. Such tactics never work on China. “
Next week, President Xi Jinping will try to strengthen some of the main allies and business partners in China in Southeast Asia. The Chinese President will go to Vietnam on Malaysia and Cambodia on Malaysia and Cambodia on Malaysia and Cambodia on Malaysia Xinhua controlled by the state.
Vietnam and China trade has dropped in the past two decades, reaching a record of $ 205.2 billion last year.
China has invested 25 billion US dollars in Vietnam in 2023, the country’s fourth investor in the country, according to Vietnamese data.
The two parties agreed in August of last year to strengthen their “full -level full strategic partnership” with other trade and investment agreements, during a visit to LAM, secretary general of the Vietnam Communist Party in Beijing.
Vietnam also has a complete strategic partnership with the United States and has been locked in high-level discussions on a trade agreement and means to reduce its record of record trade with America.
On Wednesday, the United States imposed 46% tariffs on Vietnamese products, some of the highest of the latest import rights cycle imposed by Trump. This was reduced to 10% within 24 hours despite the presidential advisor Peter Navarro calling LAM’s offer to reduce prices on “meaningless” American products.
Navarro said that this decision would not delete Hanoi’s commercial surplus and would not be accused of Vietnam of “cheating” by re -explaining Chinese products like its own, stealing intellectual property and increasing non -tariff barriers.
Vietnam welcomed a series of foreign leaders while seeking to extend non -American trade. During last week, he concluded agreements with Belgium and Spain after the king of the former and the latter’s Prime Minister went Hanoi. Next month, the president of the European Commission Ursula von der Leyen visits the country.
The last stage of XI swing through Southeast Asia next week will be Cambodia, which recently reopened an improved naval base with Chinese support.
XI’s visit will coincide with the 50th anniversary of Cambodia’s takeover by Khmer Rouge on April 17, 1975.
During their reign, China was the biggest international supporter of the Khmer Rouge regime. About a quarter of the Cambodia population died during the ruinous mandate of Pol Pot three and a half years.
Update to add details on XI’s visit to Cambodia.
Edited by Stephen Wright.