China's Xi Says There Are No Winners in a Tariff War as He Visits Southeast Asia

Chinese President Xi Jinping shakes hands with Vietnam's National Assembly Chairman Tran Thanh Man, in Hanoi, Vietnam, April 14, 2025. (Reuters)
Chinese President Xi Jinping shakes hands with Vietnam's National Assembly Chairman Tran Thanh Man, in Hanoi, Vietnam, April 14, 2025. (Reuters)
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China's Xi Says There Are No Winners in a Tariff War as He Visits Southeast Asia

Chinese President Xi Jinping shakes hands with Vietnam's National Assembly Chairman Tran Thanh Man, in Hanoi, Vietnam, April 14, 2025. (Reuters)
Chinese President Xi Jinping shakes hands with Vietnam's National Assembly Chairman Tran Thanh Man, in Hanoi, Vietnam, April 14, 2025. (Reuters)

China's leader Xi Jinping said no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia on Monday, presenting China as a force for stability in contrast with US President Donald Trump's latest moves on tariffs,

Although Trump has paused some tariffs, he has kept in place 145% duties on China, the world's second-largest economy.

"There are no winners in a trade war, or a tariff war," Xi wrote in an editorial jointly published in Vietnamese and Chinese official media. "Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment."

Xi's visit lets China show Southeast Asia it is a "responsible superpower in the way that contrasts with the way the US under President Donald Trump presents to the whole world," said Nguyen Khac Giang, a visiting fellow at Singapore’s ISEAS–Yusof Ishak Institute.

Xi was greeted on the tarmac by Vietnam's President Luong Cuong at the start of his two-day visit, a mark of honor not often given to visitors, said Nguyen Thanh Trung, a professor of Vietnamese studies at Fulbright University Vietnam. Students of a drum art group performed as women waved the red and yellow Chinese and Communist Party flags.

While Xi’s trip likely was planned earlier, it has become significant because of the tariff fight between China and the US. The visit offers a path for Beijing to shore up its alliances and find solutions for the high trade barrier that the US has imposed on Chinese exports.

In Hanoi, Xi met with Vietnam’s Communist Party General Secretary To Lam, his counterpart. "In the face of turmoil and disruption in the current global context, China and Vietnam’s commitment to peaceful development, and deepening of friendship and cooperation and has brought the world valuable stability and certainty," he said.

He also met with Vietnam's Prime Minister Pham Minh Chinh. The two sides signed a series of memorandums in areas including strengthening cooperation in supply chains, railroad development and environmental protection, according to AP footage of the signed documents.

Nhan Dan, the official mouthpiece of Vietnam's Communist Party, said that China and Vietnam will speed up a $8 billion railway project connecting the two countries in a deal that was approved in February.

The timing of the visit sends a "strong political message that Southeast Asia is important to China," said Huong Le-Thu of the International Crisis Group think tank. She said that given the severity of Trump's tariffs and despite the 90-day pause, Southeast Asian nations were anxious that the tariffs, if implemented, could complicate their development.

Vietnam is experienced at balancing its relations with the USand China. It is run under a communist, one-party system like China but has had a strong relationship with the US.

In 2023, it was the only country that received both US President Joe Biden and China’s Xi Jinping. That year it also upgraded the US to its highest diplomatic level, the same as China and Russia.

Vietnam was one of the biggest beneficiaries of countries trying to decouple their supply chains from China, as businesses moved here. China is its biggest trading partner, and China-Vietnam trade surged 14.6% year-on-year in 2024, according to Chinese state media.

That trade relationship goes both ways.

"The trip to Vietnam, Malaysia, and Cambodia is all about how China can really insulate itself," said Nguyen Khac Giang, an analyst at Singapore’s ISEAS–Yusof Ishak Institute, pointing out that since Xi became the president in 2013, he has only visited Vietnam twice.

But the intensification of the trade war has put Vietnam in a "very precarious situation" given the impression in the US that Vietnam is serving as a backdoor for Chinese goods, said Giang. Vietnam had been hit with 46% tariffs under Trump's order before the 90-day pause.

China and Vietnam have real long-term differences, including territorial disputes in the South China Sea, where Vietnam has faced off with China’s coast guard but does not often publicize the confrontations.

After Vietnam, Xi is expected to go to Malaysia next and then Cambodia.



Australia's Albanese Claims Election Victory, Riding Anti-Trump Wave

Supporters of Australia's Prime Minister Anthony Albanese react at a Labor party election night event, after local media projected the Labor Party's victory, on the day of the Australian federal election, in Sydney, Australia, May 3, 2025. REUTERS/Hollie Adams
Supporters of Australia's Prime Minister Anthony Albanese react at a Labor party election night event, after local media projected the Labor Party's victory, on the day of the Australian federal election, in Sydney, Australia, May 3, 2025. REUTERS/Hollie Adams
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Australia's Albanese Claims Election Victory, Riding Anti-Trump Wave

Supporters of Australia's Prime Minister Anthony Albanese react at a Labor party election night event, after local media projected the Labor Party's victory, on the day of the Australian federal election, in Sydney, Australia, May 3, 2025. REUTERS/Hollie Adams
Supporters of Australia's Prime Minister Anthony Albanese react at a Labor party election night event, after local media projected the Labor Party's victory, on the day of the Australian federal election, in Sydney, Australia, May 3, 2025. REUTERS/Hollie Adams

Australia’s Anthony Albanese claimed a historic second term as prime minister on Saturday in a dramatic comeback against once-resurgent conservatives that was powered by voters' concerns about the influence of US President Donald Trump.

Peter Dutton, leader of the conservative Liberal party, conceded defeat and the loss of his own seat - echoing the fate of Canada's conservatives and their leader whose election losses days earlier were also attributed to a Trump backlash.

Supporters at Labor’s election party in Sydney cheered and hugged each other as Albanese claimed victory and said his party would form a majority government. "Our government will choose the Australian way, because we are proud of who we are and all that we have built together in this country," Albanese told supporters, Reuters reported.

"We do not need to beg or borrow or copy from anywhere else. We do not seek our inspiration from overseas. We find it right here in our values and in our people," he added.

Albanese would be the first Australian prime minister to win a consecutive term in two decades. He said Australians had voted for fairness and "the strength to show courage in adversity and kindness to those in need".

The Australian Electoral Commission website projected Labor would win 81 of 150 seats in the House of Representatives, increasing its majority in parliament, with 68% of the vote counted.

Dutton - whose Liberals had been leading in opinion polls as recently as February until he became dogged with comparisons to Trump - said he had phoned Albanese to congratulate him.

"We didn't do well enough during this campaign. That much is obvious tonight, and I accept full responsibility for that," Dutton said in a televised speech.

The former policeman with a reputation for being tough on crime and immigration said he had spoken to Labor's candidate in the seat of Dickson he had held for two decades, and congratulated her on her success.

"We have been defined by our opponents in this election which is not the true story of who we are" Dutton said, promising the party would rebuild.

Cost-of-living pressures and concerns about Trump's volatile policies had been among the top issues on voters' minds, opinion polls showed.

"If you sling enough mud it will stick," said Liberal Senator for the Northern Territory Jacinta Price, whose comments that her party would "make Australia great again" had fuelled comparisons to Trump's own "Make America Great Again" slogan.

"You made it all about Trump," she said on ABC. Dutton had said he would appoint Price to a ministry of government efficiency, one of several echoes of Trump's policies.

"Losing Peter Dutton is a huge loss," she added.

Opposition Liberal Party spokesman, Senator James Paterson, defended the conservative campaign, which he said was negatively affected by "the Trump factor".

"It was devastating in Canada for the conservatives ... I think it has been a factor here, just how big a factor will be determined in a few hours' time," he earlier told ABC.

Earlier, as counting got under way, Labor Treasurer Jim Chalmers said the government had been "in all sorts of trouble" at the end of 2024 but got back into the contest because of Albanese's strong campaign performance, policies that addressed concerns about the cost of living, and the Trump effect.

As the results started emerging, he told ABC the projected victory was "a win for the ages”. Albanese "has pulled off one of the great political victories since federation,” he said.

The results were "absolutely unbelievable", Labor supporter Melinda Adderley, 54, said through her tears at the election party.