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
Category
🗞
NewsTranscript
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.