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Xi Denounces Tariff Wars During High-Profile Southeast Asian Diplomatic Visit

Chinese President Xi Jinping kicked off a diplomatic visit to Southeast Asia on Monday, using the opportunity to position China as a stabilizing global force in contrast to the United States under President Donald Trump.

In an editorial published in both Vietnamese and Chinese official media, Xi emphasized that “there are no winners in a trade war, or a tariff war,” and called for both countries to protect multilateral trading systems and maintain stable global supply chains.

The visit comes as Trump maintains significant 145% tariffs on China despite pausing some other duties. According to Nguyen Khac Giang, a visiting fellow at Singapore’s ISEAS-Yusof Ishak Institute, Xi’s visit allows China to present itself as a “responsible superpower” in contrast to Trump’s approach.

Xi received an honorary tarmac greeting from Vietnam’s President Luong Cuong, with performances by drum art students and flag-waving ceremonies featuring Chinese and Communist Party flags.

The US Treasury Building in Washington DC photographed from ground level on an overcast day, with broad stone steps in the foreground and neoclassical columns framing the facade — illustrating the federal institution behind PCE inflation data and interest rate policy affecting gold prices.
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Latest News

The US Treasury Building in Washington DC photographed from ground level on an overcast day, with broad stone steps in the foreground and neoclassical columns framing the facade — illustrating the federal institution behind PCE inflation data and interest rate policy affecting gold prices.
News

PCE Drops Thursday. Here’s What It Means for Gold.

The Fed doesn’t watch CPI. It watches PCE — and the May reading drops Thursday, June 25. Here’s the mechanism linking this one number to gold prices, rate-hike odds, and what long-term holders need to understand before the week is out.

Read More »

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