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President Xi Jinping will meet with the leaders of Vietnam in Hanoi when a three -nations trip to Southeast Asia begins, with the aim of consolidating ties with some of China’s closest neighbors in the midst of growing commercial tensions with the United States.
The visit occurs when Beijing faces duties of 145 percent of the United States, while Vietnam is negotiating a reduction in threatened US tariffs of 46 percent that would otherwise apply in July after a global moratorium expires.
XI will visit Vietnam on Mondays and Tuesdays, and Malaysia and Cambodia from Tuesday to Friday.
The trip from Xi to Hanoi aims to consolidate relations with a strategic neighbor who has received billions of dollars of Chinese investments in recent years, since manufacturers based in China moved south to avoid tariffs imposed by the first Trump administration.
The two countries administered by the communists will sign over 40 agreements in multiple sectors, said the Vice Prime Vice President of Vietnam, Bui Thanh, who said that Hanoi wanted to boost cooperation in railways, agricultural trade and the digital and green economy.
It was not clear if the agreements would be binding and would imply financial commitments.
Vietnam has agreed to use Chinese loans to build new railway links between the two countries, in a large step of confidence construction that would boost trade and bilateral connections.
However, no loan agreement has been announced.
Beijing is also looking for Vietnam’s approval for its Comac aircraft, which until now have had problems finding foreign buyers.
Despite strong economic ties, tensions frequently arise among countries on borders played in the southern China Sea.
Vietnam concessions to the United States to avoid tariffs can also irritate Beijing, since they include an offensive in some trade with China and the deployment of Elon Musk’s Starlink Satellink Satellite Communication Service in the Southeast Asian nation.
Vietnam, in recent months, has imposed anti -dumping tariffs on several Chinese steel products and ended a tax exemption for low value plots in a movement that government officials described to reduce the entry of cheap Chinese products.
The other two countries of the Southeast Asian itinerary of XI, Cambodia and Malaysia face the duties of the United States of 49 percent and 24 percent, respectively, and have already begun to communicate with the United States to find a break.
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