China, Japan, and South Korea Unite Against Trumps Tariffs
The meeting, which marked the first in five years, focused on strengthening regional trade ties and addressing the challenges posed by the tariffs set to be announced by U.S. President Donald Trump.
The three countries, which are vital players in the global trade arena, expressed a shared commitment to bolstering their supply chains and engaging in deeper discussions on export controls. Both Japan and South Korea have indicated their intentions to source semiconductor raw materials from China, while China has shown interest in acquiring finished semiconductor products from Japan and South Korea.
The trade ministers of the three nations have committed to advancing their cooperation, particularly in the context of a South Korea-Japan-China free trade agreement aimed at fostering smoother regional and global trade. These talks are seen as essential in the face of President Trumps impending tariff announcement, which he has dubbed Liberation Day.
Although the countries have historically had their differencesranging from territorial disputes to Japans controversial handling of Fukushima nuclear wastewaterthe current geopolitical and economic challenges have prompted them to align their efforts to mitigate the impact of new tariffs from the U.S. The outcome of these discussions could play a pivotal role in reshaping trade dynamics in the region.
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Text source: Coindoo
