After the United States imposed a 14,5 percent tax on all Chinese products on April 9, China has pledged to” find common ground and drop differences” with its Asian neighbors. According to the Chinese Foreign Ministry, Xi Jinping did make state trips to three Southeast Asian nations on April 14 to April 18: Vietnam, Malaysia, and Cambodia.
In light of the strongly escalating trade war with the United States, this show of interest is not surprising. Some Chinese manufacturers claim to have suffered significant losses as a result of US tariffs on social media.
Some Chinese manufacturers abandoned their products mid-voyage to the US, largely by surrendering pots to shipping businesses, according to a report from The South China Morning Post on April 9 to avoid tariffs. They would have had to give a 145 % tax to the US Customs, which would mean that their income would not be sufficient to cover the price if they had never done so. They still had to pay their vendors even after they dumped their goods.
On to one of Beijing’s key components: Xinhua published three stories each highlighting China’s long-term friendships with Southeast Asian nations on Friday ( April 11 ).
( That last essay does not mention that Sihanouk endorsed the Mao Zedong-supported Khmer Rouge in 1970, which was encouraged by China, and that they would later carry out the Thai genocide of 1975-1979.)
to overlook price increases
China announced on Friday that it would increase tariffs on American goods from 84 % to 125 %, which is in line with what the Trump administration had previously announced on Thursday. Nevertheless, the White House made it clear that if the previous 20 % taxes applied to fentanyl trafficking are taken into account, the tax imposed on Chinese products is now 145 %.
Beijing will” just overlook” any further price increases from the US in the upcoming if Washington “persists with its price number games,” according to the Chinese State Council’s Customs Tariff Commission.
In the history of world economy, it continued,” Even if the US continues to raise taxes, it would have no economic impact.”
China’s General Administration of Customs reported that last year, it imported$ 62 billion of British goods, accounting for roughly 6 % of the region’s total goods of$ 2.7 trillion. 875, 700, 21 million plenty of beans, 2.07 million tons of maize, and 9.64 million tons of crude oil are among these products. Additionally, China imported electronics and aircraft from the US.
Some observers claimed that China may obtain goods like helicopters from Malaysia and Singapore, electronics from Taiwan, Japan, and South Korea, and food from Brazil, Argentina, and India. These nations properly concentrate more on Chinese clients while American manufacturers get some.
The main problem is how Chinese manufacturers is rapidly restock their stock and adapt to the new surroundings.
The Hong Kong Shippers ‘ Council’s Chairman, Willy Lin, warned that customers will have legal problems and possible damage claims against manufacturers who dump supplies during transit.
On April 10, Caixin reported that some Chinese manufacturers canceled or delayed their supplies to the US. Backordered containers are accumulating in Shanghai’s Yangshan and Waigaoqiao ports, waiting for exporters to get their products or move their destinations.
A Chinese producer reported to the SCMP that its shipments to the US decreased from 40-50 vessels per day to 3-6 pots as a result of the implementation of US tariffs.
Manufacturers ‘ costs
A Zhejiang shoe manufacturer reported on social media that her company’s net profit decreased from 400,000 yuan in 2023 to 100,000 yuan in 2013. She claimed a customer ordered one million yuan ($ 137, 311 ) of socks last year but did not pick them up. She claimed she didn’t give rent for 60, 000 yuan because she has no customers this year.  ,
A manufacturer of clothing claimed the market for clothing was still undersupplied a few weeks ago, but his company is now unable to buy all of its goods. A Yiwu hat manufacturer claimed he could still export his goods to the US if the tariff was 20-30 %, but he now has no advantage because the tariff is more than 100 %.
Manufacturers delayed their supplies to the US because they were unsure whether the US tariffs would continue to rise during the shipment, which typically takes two months, according to a YouTuber from Shanghai. He claimed that Taiwanese exporters and National customers can compromise on tariff payments and resume shipment if US tariffs stabilize afterwards.
After Trump imposed a 104 % tax on Chinese products on April 9, many US customers, including Amazon, apparently stopped or canceled their orders.
According to a study by Central China Securities, the US “reciprocal taxes” will slow China’s economic growth in the short work, but China also has a chance to produce some technological and textile goods over the long run. China likely will start using stimuli to boost domestic consumption and digest empty products, according to the statement.
Much Life Sino-Global Friendship!
Returning to Xi’s journey and all of that friendship: In recent years, tensions between China and Southeast Asian nations, including Vietnam, Malaysia, and the Philippines, have gotten worse as a result of the South China Sea conflict.
Additionally, downstream areas of Thailand, Laos, Cambodia, and Vietnam were impacted by the damming of the Mekong ( Lancang ) River for hydropower.
Xi gave a significant conversation at a crucial event in Beijing on job related to neighboring countries on April 8 and 9 of this year.
Xi, who is also the head of the Central Committee of the Communist Party of China ( CPC ) and the head of the Central Military Commission,  , advocated for creating a community with a shared future with neighboring nations and attempted to break new ground for China’s neighborhood work.
China will preserve the principles of harmony, cohesion, openness, and inclusion, make use of the high-quality Belt and Road assistance as the principal platform, and work toward an Asian security model that emphasizes sharing wealth and suffering, finding common ground while shelving differences, and placing emphasis on dialogue and consultation, according to Xi.
China’s relationships with its relatives have been at their best since the start of the 20th century, he continued. The “global South’s shared rise has become a key factor in promoting multilateral development.”
China will actively promote cooperation within the frameworks of the Shanghai Cooperation Organization, East Asia Cooperation, APEC, and the Asia-Pacific Conference on Interaction and Confidence Building Measures ( CICA ). It will launch the Lancang-Mekong Cooperation, Lancang-Mekong Summit, host the Conference on Dialogue of Asian Civilizations ( CDAC ), establish multi-level and cross-field cooperation platforms, and work with neighboring nations to put forth true multilateralism.
Read: As Trump’s 50 % deadline approaches, China-led anti-US tax alliance is rumbling.