Some analysts say that Trump policies could shift relations between the three Asian countries, particularly as Japan and South Korea stand to be among the hardest hit by U.S.tariffs.“We reaffirmed our conviction that trilateral efforts in the economic and trade sectors are essential for fostering the prosperity and stability of the regional and global economy,” according to a joint statement released by the three Asian countries after the Sunday meeting.
In response to the auto tariffs set to take effect on April 3, South Korea said it planned emergency support for the auto industry, with trade minister Ahn Duk-geun saying the industry faced “considerable damage.”Tokyo has said it will keep asking Trump for a tariff exemption, with Prime Minister Shigeru Ishiba saying Japan will “thoroughly examine the impact on domestic industries and employment and take all necessary measures.”Relations among Beijing, Seoul and Tokyo have been strained over the years by issues including territorial disputes.
Japan’s trade minister Yoji Muto said at a news conference on Tuesday that the three countries exchanged opinions on the trade environment but added that they didn’t reach any agreement to take joint action against U.S.tariffs.
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