China's Xi Jinping visits Vietnam amid U.S. trade tensions

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 14 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

China’s leader is in neighboring Vietnam as both countries face hefty U.S. tariffs. The visit comes as Beijing faces 145% U.S. tariffs, while Vietnam seeks to reduce threatened 46% duties set for July. Asian markets reacted positively after a tariff exemption was announced for electronics and semi-conductors. Plus, in a dramatic turn of events, the British government has taken control of a Chinese-owned steel plant in the UK that was said to be days away from closing.

Transcript

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0:55.0	at UK slash try. China looks for closer ties with its neighbours to counter US tariffs.
1:06.4	Live from the BBC World Service, this is the Marketplace Morning Report. I'm Luke Wilson in for Leanna
1:11.8	Byrne. Good morning. China's president, Xi Jinping, has arrived in the Vietnamese capital of Hanoi,
1:18.2	the first leg of a three-nation visit that will also take him to Malaysia and Cambodia.
1:23.7	All three countries have been targeted by recent US tariffs, with Vietnam and Cambodia facing some of the highest at 46 and 49% respectively.
1:33.8	Adam Sikkoff is Executive Director of the American Chamber of Commerce in Vietnam and joins me now from Hanoi.
1:39.2	Hi, Adam.
1:40.3	Hi, Luke. Thanks for having me.
1:41.8	Last time we spoke to you about a week or so ago, that 90-day pause on tariffs hadn't come in yet.
	...

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