China, Japan, South Korea Discuss Trilateral Trade Cooperation Amid Tariff Tensions
China, Japan, South Korea Discuss Trilateral Trade Cooperation Amid Tariff Tensions

China, Japan, South Korea Discuss Trilateral Trade Cooperation Amid Tariff Tensions

News summary

The Trump administration's tariffs are raising significant concerns in Japan, with a senior lawmaker warning of a potential economic crisis, particularly affecting the auto industry. Meanwhile, military cooperation between the US and Japan is intensifying, with US Secretary of Defense emphasizing Japan's crucial role in countering Chinese aggression. This comes alongside trilateral talks between China, Japan, and South Korea aimed at strengthening economic ties amid the tariff challenges, marking their first meeting in nearly six years. The three nations agreed on the importance of a rules-based trading system and are pushing for reforms in the WTO to better address trade issues. They also plan to enhance cooperation on energy technologies and advance discussions for a trilateral free trade agreement. The ongoing developments highlight the delicate balance Japan must maintain between its economic interests and security partnerships.

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