China, Japan, South Korea will jointly respond to US tariffs
China, Japan, and South Korea have agreed to collaboratively respond to tariffs imposed by the United States, following their first economic dialogue in five years. This agreement, reported by Chinese state media, emphasizes the need for enhanced trade cooperation among these three major Asian economies amid ongoing trade tensions with the U.S.
Joint Response to U.S. Tariffs: The three nations have committed to a unified approach against the anticipated tariffs from U.S. President Donald Trump, which are set to be announced soon as part of his “liberation day” strategy aimed at reshaping U.S. trade policies.
Focus on Semiconductor Trade: Japan and South Korea plan to import semiconductor raw materials from China, while China seeks to acquire chip products from both countries. This move is seen as a strategic effort to strengthen supply chains in response to U.S. pressures.
Free Trade Agreement Discussions: The trade ministers discussed the potential for a free trade agreement among South Korea, Japan, and China, aiming to bolster regional and global trade relations.
Despite the optimistic tone from Chinese media regarding a united front, South Korean officials have described claims of a fully coordinated response as “somewhat exaggerated,” indicating that while cooperation is intended, the specifics may vary among the nations involved.
