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China has stated that trade agreements between the US and other countries should not be designed to target or negatively impact third nations. The comment follows a new trade deal announced between the United States and Vietnam earlier this week.
On Wednesday, U.S.President Donald Trump announced that a new trade agreement had been reached with Vietnam following discussions with To Lam, General Secretary of the Communist Party of Vietnam. Under the deal, Washington will impose a 20% tariff on goods directly imported from Hanoi and a 40% tariff on transshipped products passing through the Southeast Asian country.
In exchange, U.S. exports to Vietnam will enter the country tariff-free. Trump hailed the agreement as a "Great Deal of Cooperation between our two Countries" in a post on Truth Social.
Commenting on the development, Chinese Foreign Ministry spokesperson Mao Ning said during a live-streamed press briefing in Beijing, “China believes that trade disputes should be resolved through equal consultation, and that bilateral agreements must not target or harm the interests of any third party.”
Trump had previously imposed a 46% tariff on Vietnamese imports, which was paused pending the expiration of a 90-day deadline on 9 July.
The agreement gives the U.S. full access to Vietnamese markets. Trump added that American-made SUVs, or "Large Engine Vehicles," could perform well in Vietnam and would be a valuable addition to the country’s product offering.
Beijing’s concerns come amid heightened U.S. influence in Southeast Asia, as China seeks to maintain its strategic and economic presence in the region.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
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