On Xi’s visit, China and Vietnam also decided on a closer cooperation in view of Trump’s erratic trade policy and signed dozens of agreements. These range from the protection of value chains to artificial intelligence to railway connections.
Trump has raised high tariffs to imports of other countries in the past few weeks, but in the face of massive course bricks on the stock exchanges. The US President is particularly hard against China, which he sees as the main opponent in trade policy. The US tariffs on Chinese imports now add up to 145 percent. China has increased its tariffs to US imports to 125 percent as a countermeasure. Vietnam was also hit hard by Trump’s customs policy.
Numerous countries try to move Trump with direct negotiations with the United States to do without its tariffs. The Japanese Minister Ryosei Akazawa will travel to the USA on Wednesday, as the government in Tokyo announced.
