Ahead of the rollout of US President Donald Trump’s reciprocal tariffs, China has reached out to fellow Asian countries in an apparent bid to create partnerships to minimise the fallout from tariffs
China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.
China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.
Economists and analysts have expressed concerns about the potential repercussions of these tariffs. There is apprehension that levies could hike consumer prices, disruptions in global supply chains, a
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essanews.com on MSNChina, Japan, and South Korea unite against new US tariffsChina, Japan, and South Korea will jointly respond to U.S. tariffs, reports Reuters, citing Chinese state media. The new United States tariffs are set to take effect on April 2. Comments from state media appeared after the three countries held their first economic dialogue in five years on Sunday,
Seoul, Beijing and Tokyo are major U.S. trading partners, although they have been at loggerheads among themselves over issues, including territorial disputes.
The US president is preparing to unveil a raft of new tariffs on Wednesday - which he has dubbed "Liberation Day".
After their first trilateral economic meeting in over five years, China, Japan and South Korea vowed to strengthen their trading ties.
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As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates.