Trump claims China Vietnam: China President Xi Jinping’s visit to Vietnam marks the beginning of a week-long tour of Southeast Asia, drawing attention from US President Donald Trump. Trump speculated that Xi’s meeting with Vietnamese officials was centered around strategies to disadvantage the US, stating, “I don’t blame China; I don’t blame Vietnam… Meeting like trying to figure out, ‘how do we screw the United States of America?'”
Key Developments from Xi’s Visit
– 45 Agreements Signed: China and Vietnam signed 45 agreements on issues such as supply chains and railways, strengthening their economic ties.
– Trade and Tariffs: Trump’s comments touched on trade policies, accusing the European Union of being formed to harm the US on trade and criticizing his predecessor Joe Biden for losing “trillions of dollars” in trade to China.
– US-Vietnam Trade Negotiations: Hanoi is engaged in trade negotiations with the US, after Trump threatened a 46% tariff on imports from Vietnam. Vietnam has reportedly offered to cut tariffs on US imports, increase purchases of US goods, and scrutinize inbound trade from China.
US Trade Priorities and Negotiations
– Countries Prioritized: Treasury Secretary Scott Bessent is prioritizing trade deals with the UK, Australia, South Korea, India, and Japan over Vietnam.
– Japan’s Stance: Japan’s Prime Minister Shigeru Ishiba expressed the need to understand the logic and emotional elements behind Trump’s trade arguments, indicating Japan may not offer major concessions.
– South Korea’s Approach: South Korea’s finance minister suggested delaying US tariffs as much as possible and finalizing a deal after snap presidential elections on June 3.
Still on Trump claims China Vietnam
Impact of US Tariffs
– China Tariffs: Trump’s decision to impose 145% duty on Chinese imports may end all imports from China, disrupting supply chains and potentially leading to shortages and price hikes.
– Exemptions: The White House exempted electronic devices like smartphones and laptops from “reciprocal tariffs,” with Chinese-made smartphones facing a 20% tariff related to the illegal fentanyl trade.
– Sustainability Concerns: Bessent acknowledged that tariffs against China aren’t “sustainable” and hopes for a deal involving direct negotiations between Trump and Xi.
Chinese Fighter in Russia Describes Strict Security Measures.
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