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Bloomberg Quint
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Chinese President Xi Jinping Seeks To Win Over Allies As Trump Pauses Some Tariffs
- Chinese President Xi Jinping is seeking to win over allies in Southeast Asia amid Trump's pause on tariffs toward China, which raised tensions in the region.
- Xi's visit to Vietnam, Malaysia, and Cambodia is seen as an attempt to form alliances against the US in the ongoing trade war.
- Southeast Asian nations are facing a dilemma in balancing their economic ties with both China and the US amidst trade tensions.
- Xi emphasizes the importance of multilateral trade and opposes protectionism during his visit, offering cooperation in various technologies.
- Trump's administration demands neighboring countries like Vietnam, Malaysia, and Cambodia to prevent Chinese goods from entering the US market through trans-shipment.
- The region's reliance on China's supply chain and investments creates a delicate situation where countries try to avoid taking sides in the US-China rivalry.
- Xi's visit aims to strengthen ties with these countries through promises of investment, trade cooperation, and technology support.
- Beijing's outreach to Southeast Asia is part of a broader strategy to counter Trump's isolation policy, while also engaging the EU amid economic uncertainties.
- Trump's tariff pause provides temporary relief but leaves Southeast Asian nations facing challenging decisions in the trade landscape.
- The economic stakes are high for Southeast Asian nations, balancing their relations between the US and China amid ongoing trade tensions.
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