U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House in Washington on April 2, 2025. (Chip Somodevilla/Getty Images)News Analysis Beijing’s recent engagements with Southeast Asian countries—including a trip by Chinese leader Xi Jinping to Vietnam, Malaysia, and Cambodia—resulted in exchanges and commitments to deepen economic cooperation. Meanwhile, efforts by the Chinese

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