China's Xi Jinping visits Vietnam amid U.S. trade tensions
China’s leader is in neighboring Vietnam as both countries face hefty U.S. tariffs. The visit comes as Beijing faces 145% U.S. tariffs, while Vietnam seeks to reduce threatened 46% duties set for July. Asian markets reacted positively after a tariff exemption was announced for electronics and semi-conductors. Plus, in a dramatic turn of events, the British government has taken control of a Chinese-owned steel plant in the UK that was said to be days away from closing.