Korean Industry Minister Ahn Duk-geun, center, Chinese Commerce Minister Wang Wentao, right, and Japanese Trade Minister Yoji Muto shake hands ahead of their trilateral trade ministers' meeting in Seoul, March 30. Yonhap
Korean Industry Minister Ahn Duk-geun, center, Chinese Commerce Minister Wang Wentao, right, and Japanese Trade Minister Yoji Muto shake hands ahead of their trilateral trade ministers' meeting in Seoul, March 30. Yonhap
China, Japan and Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday.
The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers brace against U.S. President Donald Trump's tariffs.
Japan and Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and Korea, the account, Yuyuan Tantian, said in a post on Weibo.
All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said.
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2025-04-01 07:13 | World
Trade chiefs of Korea, China, Japan discuss advancing trade cooperation at three-way meeting
During Sunday's meeting, three countries' trade ministers agreed to "closely cooperate for comprehensive and high-level" talks on a Korea-Japan-China free trade agreement deal to promote "regional and global trade," according to a statement released after the meeting.
The ministers met ahead of Trump's planned announcement on Wednesday of more tariffs in what he calls " liberation day," as he upends Washington's trading partnerships.
Beijing, Seoul and Tokyo are major U.S. trading partners, although they have been at loggerheads amongst themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant. (Reuters)