Tariff News Update Live: Protectionism 'leads nowhere, says Chinese President Xi before starts of SE Asia tour, urges greater cooperation with Vietnam

Chinese President Xi Jinping on Monday warned that protectionist policies and trade wars have no winners, according to state media, as he embarked on his first overseas trip of the year to Southeast Asia, starting with Vietnam. Xi is scheduled to visit Vietnam, Malaysia, and Cambodia as part of Beijing’s push to strengthen regional trade ties and counter the effects of heavy US tariffs imposed by President Donald Trump.