HANOI/BEIJING: China's President Xi Jinping on Monday (April 14) urged Vietnam to cooperate in preserving global supply chains amid disruptions caused by US tariffs, as he kicks off a three-nation trip to South-East Asia in the Vietnamese capital of Hanoi. The visit, planned for weeks, comes as Beijing faces 145 per cent US duties, while Vietnam is negotiating a reduction of threatened US tariffs of 46 per cent that would otherwise apply in July after a global moratorium expires.
"There are no winners in trade wars and tariff wars, and protectionism has no way out," Xi said in an article posted ahead of his arrival on Monday on Nhandan, the newspaper of Vietnam's Communist Party.
