Rubio to Meet China's Wang Yi in Malaysia
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This pivot comes after nearly three years of factory-gate deflation and growing pressure from US tariffs and trade tensions.
12hon MSN
China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
The slew of tariffs announced by the United States will not backfire, nor will it strain ties between Asean and the United States, says Secretary of State Marco Rubio.
U.S. Secretary of State Marco Rubio met with Chinese Foreign Minister Wang Yi in Malaysia, discussing tariffs and regional cooperation. Despite the ongoing tensions over tariffs, both described the meeting as positive,
Secretary of State Marco Rubio wants to bolster ties with Asia to counter Beijing’s power, but President Trump’s tariff threats have nations asking why they should align with Washington.
After years of mounting concern over deflation and the bruising price wars that have plagued much of China’s economy, President Xi Jinping’s government is showing signs of finally taking action.