- China, Japan, and South Korea agree to coordinate their response to U.S. tariffs after five years of economic talks.
- Japan and South Korea plan to import semiconductor materials from China, while China looks to buy chips from them.
- The countries aim to strengthen supply chain cooperation and work on a South Korea-Japan-China free trade agreement.
China, Japan, and South Korea have agreed to work together on responding to U.S. tariffs, according to a social media report from Chinese state broadcaster CCTV. This decision was made after their first economic talks in five years, held on Sunday, to boost regional trade as concerns grow over U.S. President Donald Trump’s tariff policies.
Japan and South Korea are looking to import raw materials for semiconductors from China, while China is interested in buying chip products from Japan and South Korea.
The three countries also agreed to strengthen cooperation on supply chains and discuss export controls further. They also announced plans to work on a free trade agreement between South Korea, Japan, and China to support trade in the region and globally.
This meeting happened just before Trump’s expected announcement of more tariffs on Wednesday, which he calls “liberation day” as he changes trade policies with other countries.
Although Beijing, Seoul, and Tokyo are major U.S. trading partners, they have also had disagreements over issues like territorial disputes and Japan’s release of wastewater from the Fukushima nuclear plant.
Comments