China, Japan and South Korea to strengthen free trade – DW – 03/30/2025
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Top officials of China, Japan and South Korea held their first trade talks in five years amid US President Donald Trump's looming tariff threat.

Summary

China, Japan, and South Korea held their first trade talks in 5 years in Seoul, agreeing to deepen cooperation amid looming U.S. tariffs announced by Donald Trump.

With a 25% tariff on car imports threatening their export-heavy economies, the three nations pledged to advance negotiations on a trilateral free trade agreement and strengthen the RCEP.

South Korea’s trade minister emphasized joint action against global economic fragmentation.

The meeting marks a renewed push for regional trade unity as tensions with the U.S. grow. The next meeting will be held in Japan.

  • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
    1·
    4 days ago

    The whole point is it would severely disadvantage China for its currency to become the international trade currency. They would lose control over it much like the US does not really control the dollar.

    BRICS wants a new currency to replace the dollar AFAIK.

    • disguy_ovahea@lemmy.worldEnglish
      11·
      4 days ago

      Agreed. It’s not really China’s decision as much as it is their trade partners. Currency swapping is far more costly from an accounting standpoint, which is why many BRICS nations have adopted the Renminbi for trade.