Senior economic officials from China, Japan, and South Korea have agreed to strengthen trade and economic ties. Sunday's trilateral meeting in Seoul was the first such high-level gathering in nearly four years. It signaled a renewed commitment to cooperation as the United States imposes tariffs on its major trade partners. CGTN correspondent Shane Hahm reports.
SHANE HAHM Seoul "Ministers from China, Japan, and South Korea were meeting to discuss deepening trade and economic partnerships, emphasizing stability in the face of global economic uncertainties. Chinese Commerce Minister Wang Wentao, Japanese Trade Minister Yoji Muto, and South Korean Trade Minister Ahn Duk-geun agreed to advance negotiations for a trilateral free trade agreement and expand RCEP, or the Regional Comprehensive Economic Partnership. The three also agreed to join hands in the face of rising new technologies, like artificial intelligence, and supply chain cooperation on critical minerals. The talks come at a critical time as the three nations face the ripple effects of protectionist policies from the United States. President Donald Trump's tariffs on steel, aluminum, and automobiles – part of his 'America First' agenda – have strained global supply chains, disrupting trade flows and raising costs. East Asian manufacturers are in the direct crossfire of these tariffs, and all three nations rely heavily on exports, highlighting the urgency for regional cooperation. Analysts say that fostering regional economic integration could help offset the impact of U.S. tariffs, providing a buffer against protectionist measures. Now, as the three economies seek closer ties, the Seoul meeting represents a crucial step toward greater economic stability and cooperation in an increasingly fragmented global market. The outcome could shape the region's response to the challenges posed by ongoing trade disputes and economic nationalism. Shane Hahm, CGTN, Seoul."