As Xi Jinping embarks on a diplomatic mission in Vietnam amidst ongoing U.S. tariffs, experts weigh in on China's strategy to position itself as a responsible superpower and bolster regional ties. Will this visit reshape trade dynamics in Southeast Asia?
Asian markets suffered significant declines following the announcement of a staggering 145% tariff on Chinese exports to the US. With Japan’s Nikkei 225 and other major indexes reacting, the implications for global trade are profound.
The Trump administration's recent tariffs on over 180 countries are anticipated to raise inflation and decelerate economic growth, as warned by Federal Reserve Chairman Jerome Powell. With significant tariffs imposed, including a staggering 54% on Chinese exports, recession fears loom larger than ever.
