China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says ...0

News by : (Daily Sun) -

The state media 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.

All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said.

Japan's Trade Minister Yoji Muto, when asked about it at a press conference on Tuesday, said there was a meeting of trade ministers at the weekend but there were no such discussions.

During Sunday's meeting, the countries' trade ministers agreed to speed up talks on a South Korea-Japan-China free trade agreement deal to promote “regional and global trade”, according to a statement released after the meeting.

The countries' trade 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.

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