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4w ago

Japan, South Korea, and China Accelerate Trade Talks in Response to U.S. Tariffs

The three nations announced plans to deepen economic cooperation and revive stalled free trade agreement negotiations during an emergency meeting in Seoul.

Le ministre sud-coréen du Commerce, de l’Industrie et de l’Énergie, Ahn Duk-geun, à Washington, États-Unis, le 26 juin 2024.
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Overview

  • Japan, South Korea, and China held an emergency meeting on March 30, 2025, to address the impact of U.S. tariffs on steel, aluminum, and automobiles.
  • The three nations agreed to accelerate negotiations for a trilateral free trade agreement, which had stalled in 2019 and were revived in 2024.
  • They aim to create a stable trade environment by improving supply chains, enhancing export control communication, and fostering predictable business conditions.
  • The countries also pledged to push for reforms to the World Trade Organization and expand membership in the Regional Comprehensive Economic Partnership (RCEP).
  • The U.S. tariffs, including upcoming 25% duties on imported automobiles starting April 2, have prompted this coordinated response from nations representing 25% of the global economy.