Summary
China, Japan, and South Korea held their first trade talks in 5 years in Seoul, agreeing to deepen cooperation amid looming U.S. tariffs announced by Donald Trump.
With a 25% tariff on car imports threatening their export-heavy economies, the three nations pledged to advance negotiations on a trilateral free trade agreement and strengthen the RCEP.
South Korea’s trade minister emphasized joint action against global economic fragmentation.
The meeting marks a renewed push for regional trade unity as tensions with the U.S. grow. The next meeting will be held in Japan.
Donald Trump out there repairing international relationships in months that have been on the rocks for the last millennium.
He’ll be remembered as the man who united the world…against the US. Lol
What’s the over/under on trade shifting to the Renminbi before his term is through?