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China's Xi Jinping courts countries in Europe and Asia to counter Trump's trade threats, but EU resists over China's support of Russia in Ukraine war, Asian countries over Beijing's assertive behavior (www.benzinga.com)

submitted 1 week ago by tardigrada@beehaw.org to c/news@beehaw.org

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The Chinese leadership is reportedly considering offering tariff cuts, visa exemptions, and other incentives to U.S. allies in Europe and Asia. This strategy, termed “unilateral opening,” represents a shift from China’s traditional quid-pro-quo approach to economic and diplomatic deals.

Despite this, China faces resistance, with the European Union (EU) expressing discontent over China’s support for Russia’s actions in Ukraine.

Meanwhile, Asian countries such as Japan, South Korea, and the Philippines, are growing increasingly wary of China’s assertive behavior in the South China Sea.

U.S. President-elect Trump promised to impose tariffs of up to 60% on Chinese imports poses a significant threat to Xi Jinping‘s economic model, which is heavily reliant on manufacturing and exports [due to China's structured overcapacity].

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[–] Viri4thus@feddit.org 4 points 1 week ago

What the actual fuck is this outlet? Benzinga? Is this AI only?