REUTERS/Leah Millis/File PhotoChina, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday, an assertion that Seoul called "somewhat exaggerated." Japan and South Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and South Korea, the account, Yuyuan Tantian, said in a post on Weibo. All three sides agreed to strengthen supply chain cooperation and engage in more dialogue on export controls, the post said. During Sunday's meeting, the countries' trade ministers agreed to speed up talks on a South Korea-Japan-China free trade agreement deal to promote "regional and global trade", according to a statement released after the meeting. The countries' trade ministers met ahead of Trump's planned announcement on Wednesday of more tariffs in what he calls "liberation day", as he upends Washington's trading partnerships.

Source: bd News24 April 01, 2025 03:23 UTC