Japan PM goes to Vietnam, the Philippines to talk tariffs ...Middle East

News by : (Daily Sun) -

Ishiba's trip comes after China's President Xi Jinping conducted his own Southeast Asia tour, with Beijing trying to position itself as a stable alternative to the United States as leaders battle to counter Trump's tariffs.

But they face “major impacts” due to US President Donald Trump’s sweeping tariffs, he said, adding that Japanese businesses operating in the region could also be hit.

Despite being the biggest investor into the United States, Japan has been pinched by steep levies imposed by Trump on imports of cars, steel and aluminium.

Trump also paused “reciprocal” duties of 46 percent on Vietnam and 49 percent on Cambodia, where some Japanese companies are thought to have shifted an increasing share of production in recent years, partly to avoid the fallout from the last US-China trade war.

Chinese and Japanese patrol vessels in the East China Sea have routinely staged dangerous face-offs around disputed islands.

“There are attempts by China to unilaterally change the status quo by force, and we would like to further strengthen our security cooperation” with Hanoi and Manila, Ishiba said.

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