China, Japan, and South Korea unite to bolster regional trade amid looming U.S. tariffs 

The commitment was made during the first economic dialogue between the three nations in five years, held on Sunday.

The trade ministers of the three countries agreed to pursue comprehensive and high-level negotiations for a trilateral free trade agreement (FTA) aimed at promoting both regional and global trade.

In a joint statement released after the meeting, the ministers emphasized the importance of collaboration to mitigate the economic fallout from Trump’s tariff policies.

South Korean Trade Minister Ahn Duk-geun highlighted the need to strengthen the implementation of the Regional Comprehensive Economic Partnership (RCEP), a trade pact involving all three nations.

He stated, “It is necessary to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations.” 

Despite their shared economic interests, China, Japan, and South Korea have faced longstanding tensions over territorial disputes, which have hindered progress on a trilateral FTA since talks began in 2012.

However, the ministers acknowledged the urgency of responding jointly to global challenges, particularly in light of increasing fragmentation in the global economy.

Ahn remarked, “Today’s economic and trade environment is marked by increasing fragmentation of the global economy. It is imperative that we respond jointly to shared challenges.” 

The trio agreed to hold their next ministerial meeting in Japan, signaling a renewed commitment to fostering regional trade ties.

Trump’s upcoming tariffs, including a 25% levy on car and auto parts imports, are expected to significantly impact Asian exporters, which rank among the largest suppliers of vehicles to the U.S.

While the three Asian nations have historically relied heavily on trade partnerships with the U.S., the tariffs have prompted them to explore alternative strategies to cushion their economies.

The renewed dialogue between China, Japan, and South Korea marks a critical step toward enhancing regional trade cooperation amid mounting global uncertainties.

As the three nations work to finalize a trilateral FTA and strengthen RCEP implementation, their efforts could pave the way for greater economic integration in Asia.

With Trump’s tariffs looming, the ministers’ commitment to collaboration emphasized the importance of regional solidarity in navigating the challenges posed by shifting trade policies.