JAKARTA - Chinese President Xi Jinping called for stronger relations with Vietnam in trade and supply chains amid disruptions caused by US tariffs set by President Donald Trump.
This was conveyed by Xi Jinping starting a trip from three countries to Southeast Asia in the Vietnamese capital, Hanoi. The visit was made when Beijing faced a 145% US import duty.
While Vietnam is negotiating a threatening US rate reduction of 46% that should have taken effect in July after the global moratorium ended.
"Both parties must strengthen cooperation in the production and supply chain," Xi said in an article in Nhandan, the Vietnamese Communist Party newspaper, which was uploaded before its arrival on Monday, April 14, reported by Reuteries.
Xi also urged more trade and stronger ties with Hanoi in the field of artificial intelligence and a green economy.
Under pressure from Washington, Vietnam has tightened controls on some trades with China to ensure goods exported to the United States with the label "Create Vietnam" have sufficient added value in the country to justify this.
Vietnam is the main industrial and assembly center in Southeast Asia. Most of the imports come from China while the United States is the main export market. The country is an important source of electronic goods, shoes, and finished clothing for the United States.
In the first three months of this year, Hanoi imported around $30 billion worth of goods from Beijing while his exports to Washington amounted to $31.4 billion.
Vietnamese customs data shows a long-term trend in which imports from China are in good agreement with export value and changes to Washington.
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