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Xi concludes Southeast Asia tour amid trade tensions
Gulf Today
|April 19, 2025
Chinese President Xi Jinping on Friday completed a two-day state visit to Cambodia, capping a three-nation Southeast Asia tour promoting Beijing's reliability as the region faces economic uncertainty due to US President Donald Trump's tariff proposals.
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China has been strongly increasing its influence in the region over the past decade, largely by exercising its substantial economic leverage.
Beijing is now presenting itself as a source of stability and certainty as Trump's tariffs threaten the region's export-oriented economies whose largest market is generally the United States.
Cambodia faces among the highest reciprocal tariff rates proposed by Washington. In addition to Trump's universal 10% tariff, it faces the threat of a 49% tariff on exports to the US once his 90day pause expires. For Vietnam, the tariff would be 46%, and for Malaysia, 24%.
Dit verhaal komt uit de April 19, 2025-editie van Gulf Today.
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