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.

  • UnderpantsWeevil@lemmy.worldEnglish
    3·
    3 days ago

    So then, if this is working for China, someone needs to explain why the fuck China would even want to be the main trading currency.

    I don’t think they’re concerned with currency so much as flow of trade, generally speaking. They’ll happily trade under a multi-currency system, just so long as the money goes through their banks and brokers.