China, Japan, South Korea Discuss Free Trade Amid US Tariff Threats

Trade ministers from China, Japan, and South Korea convened in Seoul to discuss strengthening free trade agreements just before new U.S. tariffs are set to take effect. They pledged to deepen economic ties and emphasized the importance of trilateral cooperation amid rising protectionist measures. While significant progress towards a formal trade pact was not achieved, the meeting reflects a growing resolve to address shared challenges, particularly in light of the impending 25% U.S. tariff on imported cars, which affects both South Korea and Japan as major automotive exporters. Additionally, U.S. President Trump is expected to announce reciprocal tariffs that could hit semiconductor and pharmaceutical sectors, raising concerns for South Korea's economy. The discussions align with China's efforts to promote an open trading environment, contrasting with the U.S.'s protectionist stance. The commitment to regional cooperation is crucial as these nations navigate the complexities of global trade dynamics influenced by U.S. policies.