Donald Trump. Photo: Geopolitical Economy Report.
By Ben Norton – May 9, 2025
Donald Trumpâs tariff threats and trade war are uniting much of the world against the United States. China is deepening its economic cooperation with Europe, Japan, South Korea, and Southeast Asia (ASEAN).
Donald Trumpâs tariff threats, trade war, and other aggressive policies are uniting much of the world against the United States.
Meanwhile, China is deepening its cooperation with Europe, Japan, South Korea, and Southeast Asia.
China, Japan, South Korea, and ASEAN pledge to âstrengthen regional financial cooperationâ
Trumpâs Treasury Secretary Scott Bessent revealed that the US government has what he called a âgrand encirclementâ strategy aimed at isolating and weakening China.
Trump hit China with tariffs of 145%, imposing what is essentially a trade embargo.
The Trump administration wanted to pressure Japan, South Korea, Vietnam, and India to follow the US and âapproach China as a groupâ, Bessent said, according to Bloomberg.
This strategy is clearly failing.
The finance ministers and central bank governors of China, Japan, South Korea, and members of the Association of Southeast Asian Nations (ASEAN) met in Italy on May 4 and published a joint statement pledging âto further strengthen regional financial cooperationâ.
Although they did not mention the United States and its tariffs by name, they criticized the âescalating trade protectionismâ, noting how it is âleading to economic fragmentation, affecting trade, investment, and capital flows across the regionâ.
Japanese officials have been angered by Trumpâs tariff threats, and have pushed back against the US in trade negotiations.
A Japanese lawmaker even condemned Trump as a âdelinquent kid extorting somebodyâ.
China and Vietnam have deepened their relations, despite Washingtonâs attempts to divide them.
China is the top trading partner of Japan, South Korea, and ASEAN.
China is the number one trading partner of more than 120 countries, which represent the majority of nations on Earth.
War by Other MeansâTrumpâs Tariffs and the Empireâs Final Gamble
China, Japan, and South Korea bolster economic ties
This followed a similar meeting on March 30 between the trade ministers of China, Japan, and South Korea, which Reuters noted was âtheir first economic dialogue in five yearsâ.
The three major East Asian countries agreed to increase their cooperation and move toward signing a trade deal, while strengthening the Regional Comprehensive Economic Partnership (RCEP), a trade bloc in the Asia-Pacific region, which excludes the United States.
This previous meeting was held mere days before what Trump dubbed âLiberation Dayâ, on April 2, when the US president announced that he would impose high tariffs on countries around the world.
Members of the Regional Comprehensive Economic Partnership (RCEP) trade bloc
China and Europe improve relations
Trumpâs tariff threats have similarly pushed China and Europe closer together, at least economically.
On May 6, Beijing announced that China and the European Parliament had agreed to lift restrictions on mutual exchanges between the legislative bodies of the two sides.
The South China Morning Post likewise reported that âleaders of China and the European Union agreed ⌠to deepen cooperation in the face of challenges posed by US President Donald Trump, in letters exchanged to mark the 50th anniversary of diplomatic tiesâ.
Chinaâs President Xi Jinping wrote that âa healthy and stable China-EU relationship will not only achieve mutual success, but also illuminate the worldâ, calling to âadhere to multilateralism, defend fairness and justice, oppose unilateral bullying, work together to meet global challenges, and jointly promote an equal and orderly worldâ.
European officials told Beijing that the EU âremains committed to deepening our partnership with Chinaâ, in a âbalanced relationship, built on fairness and reciprocityâ.
China-US trade talks are only preliminary
Beijing did announce on May 7 that it is willing to participate in talks with the Trump administration.
However, journalist Fred Gao noted that the word used by Chinese officials was âtalksâ (äźč°), not ânegotiationsâ (č°ĺ¤).
âThis subtle but significant distinction suggests these were just preliminary discussions, and the real negotiation is yet to startâ, Gao explained.
Trump, meanwhile, has refused to budge on his sky-high tariffs of 145% on China.
When asked at a press conference if he would soften some of his extreme policies to facilitate talks with China, Trump replied with one word: âNoâ.
Ben Norton
Benjamin Norton is the founder and editor of the independent news website Multipolarista, where he does original reporting in both English and Spanish. Benjamin has reported from numerous countries, including Venezuela, Nicaragua, Bolivia, Ecuador, Honduras, Colombia, and more. His journalistic work has been published in dozens of media outlets, and he has done interviews on Sky News, Al Jazeera, Democracy Now, El Financiero Bloomberg, Al Mayadeen teleSUR, RT, TRT World, CGTN, Press TV, HispanTV, Sin Censura, and various TV channels in Mexico, Nicaragua, Venezuela, Ecuador, and Bolivia. Benjamin writes a regular column for Al Mayadeen (in English and Spanish). He was formerly a reporter with the investigative journalism website The Grayzone, and previously produced the political podcast and video show Moderate Rebels. His personal website is BenNorton.com, and he tweets at @BenjaminNorton.
