The Japan Times - China's Xi begins Malaysia visit in shadow of Trump tariffs

EUR -
AED 4.317808
AFN 76.994475
ALL 96.189964
AMD 448.7811
ANG 2.104722
AOA 1077.985852
ARS 1704.836554
AUD 1.773409
AWG 2.116003
AZN 2.007197
BAM 1.9543
BBD 2.367312
BDT 143.640939
BGN 1.953544
BHD 0.443191
BIF 3485.527834
BMD 1.175557
BND 1.515391
BOB 8.121523
BRL 6.421132
BSD 1.175363
BTN 106.812813
BWP 15.523619
BYN 3.444453
BYR 23040.925982
BZD 2.363915
CAD 1.616703
CDF 2645.004589
CHF 0.934556
CLF 0.027368
CLP 1073.648601
CNY 8.284448
CNH 8.269941
COP 4520.018388
CRC 586.532218
CUC 1.175557
CUP 31.152272
CVE 110.721405
CZK 24.324665
DJF 208.920182
DKK 7.471185
DOP 74.470932
DZD 152.190865
EGP 55.705908
ERN 17.633362
ETB 182.27006
FJD 2.684964
FKP 0.878605
GBP 0.876131
GEL 3.168094
GGP 0.878605
GHS 13.548259
GIP 0.878605
GMD 86.404864
GNF 10216.182599
GTQ 9.000783
GYD 245.903882
HKD 9.145496
HNL 30.811895
HRK 7.529561
HTG 153.931817
HUF 385.673373
IDR 19576.558183
ILS 3.794346
IMP 0.878605
INR 106.897786
IQD 1539.980257
IRR 49502.723816
ISK 147.990962
JEP 0.878605
JMD 188.656761
JOD 0.83352
JPY 181.871704
KES 151.541393
KGS 102.802907
KHR 4706.932036
KMF 493.73405
KPW 1058.001998
KRW 1732.783652
KWD 0.360285
KYD 0.979519
KZT 605.856806
LAK 25468.45215
LBP 105271.169589
LKR 363.860641
LRD 208.367869
LSL 19.761085
LTL 3.471115
LVL 0.711083
LYD 6.371567
MAD 10.794561
MDL 19.793214
MGA 5301.763793
MKD 61.443207
MMK 2468.395605
MNT 4169.516512
MOP 9.418189
MRU 46.728714
MUR 54.016691
MVR 18.102491
MWK 2041.943832
MXN 21.114822
MYR 4.802741
MZN 75.12987
NAD 19.760977
NGN 1708.425936
NIO 43.175966
NOK 11.970655
NPR 170.9007
NZD 2.032451
OMR 0.451998
PAB 1.175363
PEN 3.963393
PGK 4.99994
PHP 68.878852
PKR 329.449854
PLN 4.213221
PYG 7894.938542
QAR 4.28021
RON 5.09216
RSD 117.362953
RUB 93.516769
RWF 1706.909415
SAR 4.409202
SBD 9.592601
SCR 16.789394
SDG 707.092237
SEK 10.92522
SGD 1.51537
SHP 0.881973
SLE 28.155038
SLL 24650.856215
SOS 671.827144
SRD 45.468202
STD 24331.665734
STN 24.921818
SVC 10.285191
SYP 12999.86794
SZL 19.761454
THB 36.971654
TJS 10.801685
TMT 4.114451
TND 3.42263
TOP 2.830461
TRY 50.209937
TTD 7.973641
TWD 36.98652
TZS 2903.626567
UAH 49.570363
UGX 4184.787067
USD 1.175557
UYU 45.984695
UZS 14253.633675
VES 314.39079
VND 30970.06097
VUV 142.785345
WST 3.267242
XAF 655.434266
XAG 0.01851
XAU 0.000273
XCD 3.177003
XCG 2.118311
XDR 0.816048
XOF 656.55533
XPF 119.331742
YER 280.312047
ZAR 19.695537
ZMK 10581.505648
ZMW 27.004463
ZWL 378.529019
  • JRI

    -0.0400

    13.52

    -0.3%

  • SCS

    0.0200

    16.14

    +0.12%

  • BTI

    -0.4250

    57.315

    -0.74%

  • GSK

    -0.5850

    48.655

    -1.2%

  • BCE

    -0.1300

    23.48

    -0.55%

  • BP

    -1.3950

    33.855

    -4.12%

  • NGG

    -0.4100

    75.62

    -0.54%

  • BCC

    0.2800

    75.61

    +0.37%

  • RIO

    0.3400

    76.16

    +0.45%

  • RYCEF

    -0.1000

    14.8

    -0.68%

  • CMSD

    -0.0440

    23.321

    -0.19%

  • RBGPF

    3.3200

    81

    +4.1%

  • VOD

    0.0080

    12.708

    +0.06%

  • AZN

    -0.9800

    90.58

    -1.08%

  • CMSC

    0.0400

    23.34

    +0.17%

  • RELX

    -0.2450

    40.835

    -0.6%

China's Xi begins Malaysia visit in shadow of Trump tariffs
China's Xi begins Malaysia visit in shadow of Trump tariffs / Photo: Farhan ABDULLAH - MALAYSIA'S DEPARTMENT OF INFORMATION/AFP

China's Xi begins Malaysia visit in shadow of Trump tariffs

Chinese President Xi Jinping arrived in Malaysia on Tuesday for a highly anticipated state visit that comes as Beijing fights an escalating trade war with the United States.

Text size:

Xi embarked this week on a Southeast Asia tour that has already taken him to Vietnam and will also include Cambodia, with Beijing trying to position itself as a stable alternative to US President Donald Trump's punitive tariff regime.

The Chinese leader touched down at the airport in the Malaysian capital Kuala Lumpur on Tuesday, where he was greeted by Prime Minister Anwar Ibrahim, footage from Chinese state broadcaster CGTN showed.

Xi said he was "looking forward to... further deepening the traditional friendship" between China and Malaysia, CCTV, another Chinese state broadcaster, reported.

He said he would "have an in-depth exchange of views" in meetings with Anwar and king Sultan Ibrahim, according to CCTV.

"With the joint efforts of both sides, this visit will surely achieve fruitful results," the broadcaster reported him as saying.

Xi is scheduled to attend a state banquet at the Malaysian monarch's palace on Wednesday morning before holding talks with Anwar in the administrative capital Putrajaya.

He and Anwar will witness the signing of a range of bilateral agreements, according to the Malaysian foreign ministry.

"China will work with Malaysia... to combat the undercurrents of geopolitical and camp-based confrontation, as well as the countercurrents of unilateralism and protectionism," Xi wrote in an article for Malaysia's The Star newspaper on Tuesday.

"We must uphold the UN-centered international system and the international order... and promote fairer and more equitable global governance," he wrote.

China and Malaysia celebrated their 50th anniversary of diplomatic relations last year and enjoy robust trade ties, though Malaysia has partial claims to parts of the South China Sea, where Beijing has staked out near-blanket sovereignty.

China has remained Malaysia's largest trading partner for 16 consecutive years, with total trade between the two countries accounting for 16.8 percent of Malaysia's global trade last year, according to the Malaysian foreign ministry.

- 'Oppose bullying' -

Xi's arrival came hot on the heels of his visit to Vietnam.

The two nations said, "they will jointly oppose hegemony and power politics (and) jointly oppose unilateralism in all forms", in a joint statement published Tuesday in Vietnamese state media after Xi's visit.

The two sides also agreed to "maintain an open, transparent, inclusive, and non-discriminatory multilateral trade regime with the World Trade Organization (WTO) as the core ... and promote economic globalization".

The joint statement did not mention the United States or Trump by name, though China has been locked in a tit-for-tat trade war with Washington.

Since Trump's last salvo of tariffs, the United States has been levying duties of up to 145 percent on imports from China.

Beijing has called the taxes a "joke" and imposed retaliatory tolls of 125 percent on American goods.

Trump later said Xi's "lovely meeting" with Vietnamese counterparts aimed to "figure out, how do we screw the United States of America".

China and Vietnam signed 45 cooperation agreements on Monday including on supply chains, artificial intelligence, joint maritime patrols and railway development.

Xi said at a meeting with Vietnam's top leader To Lam that their countries were "standing at the turning point of history... and should move forward with joined hands".

Lam said after the talks that the two leaders "reached many important and comprehensive common perceptions", according to the Vietnam News Agency.

K.Hashimoto--JT