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South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

  • South Korea, China, and Japan agreed to promote regional trade by speeding up negotiations for a comprehensive trilateral free-trade agreement.
  • The three countries called for creating "a predictable trade and investment environment" in response to Trump's planned 25% import tariffs on cars and auto parts, which may hurt Asian automakers.
  • Chinese official Wang Liping stated that "unilateralism and protectionism are spreading", and the three nations must safeguard the multilateral trading system, accounting for 24% of the global economy.
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AFV broke the news in on Saturday, March 29, 2025.
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