China, Japan, S. Korea to strengthen trade as Trump tariffs loom

Bangkok Post Group

South Korea, China and Japan held their first economic dialog in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from U.S. President Donald Trump's tariffs. - REUTERS

Transcript

00:00China, Japan and South Korea held the first trade talks in five years on Sunday amid concerns

00:07over U.S. President Donald Trump's import tariffs. The three Asian manufacturing giants

00:12agreed to, quote, closely cooperate for a comprehensive and high-level talks to improve

00:17free trade in the region. That's according to a statement released after the meeting.

00:22Trade ministers from the three nations met ahead of Trump's planned announcement on Wednesday

00:26of more tariffs in what he calls, quote, Liberation Day. Last week, Trump announced

00:3225 percent import tariffs on cars and auto parts, a move that may hurt companies, especially

00:38Asian automakers, which are among the largest vehicle exporters to the U.S.

00:43Seoul, Beijing and Tokyo are major U.S. trading partners, although they have been at loggerheads

00:49among themselves. Disagreements over issues, including territorial disputes, have prevented

00:54them from making any substantial progress on a trilateral free trade deal since starting

00:59talks in 2012. The ministers agreed to hold their next ministerial meeting in Japan.

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