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China's leader Xi Jinping says no one wins in a trade war as he kicked off a diplomatic tour of Southeast Asia with a trip to Vietnam. Xi reiterating China's commitment to global trade in contrast with U.S. President Donald Trump's latest tariffs moves. Although Trump has paused some tariffs, he has kept in place 145% duties on China, the world's second-largest economy. In an editorial published in state-run media, Xi said China and Vietnam should resolutely safeguard the multilateral trading system, stable global industrial and supply chains. While Trump has said he respects Xi, he interpreted the meeting between the two Asian leaders as a sign they were attempting to put the U.S. at a disadvantage on trade.

President Joe Biden praised the cooperation between South Korea, Japan and the U.S. at countering what he described as North Korea's "dangerous and destabilizing cooperation with Russia." Biden spoke ahead of a meeting Friday in Peru with South Korean President Yoon Suk Yeol and Japanese Prime Minister Shigeru Ishiba. The talks come amid heightened concerns about North Korea's growing military partnership with Russia and Pyongyang's stepped-up cadence of ballistic missile tests. White House officials are concerned that Pyongyang could be dialed up for more provocative action ahead of President-elect Donald Trump's inauguration and the early days of his administration.