Chinese government media said on Monday that Japan and South Korea were ready to respond to American prices with China. However, with regard to this statement by the Chinese media, South Korea said it had been presented to a certain extent. At the same time, Japan said that there had been no discussion of this type.
This commentary on the Chinese government media came after economic talks for the first time in five years between the three countries. In this dialogue, there was a discussion on the facilitation of regional trade.
The story of China Central Television, Yuyuan Tantian, said in an article on Weibo that Japan and South Korea wanted to import semiconductor raw materials from China, and China is also interested in buying chip products in Japan and South Korea.
The post said they had agreed to strengthen cooperation in the supply chain between the three countries and to speak more about export control.
In this regard, a spokesman for the Ministry of the Ministry of South Korea said that “to say that the three countries are preparing for a joint response to the American rate, this has been said to some extent”.
At the same time, when the Minister of the Trade of Japan, Yoji Mutu, was questioned on this subject at a press conference on Tuesday, he said that there was a meeting of the business ministers this weekend, but no discussion of this type took place. Muto said this meeting was only the exchange of ideas.
According to a statement published after the meeting, at the Sunday meeting, the corporate ministers of the three countries agreed to accelerate talks on the South Japan-Chinese Corus Free Trade Agreement to promote “regional and global trade”.
The reception rate will be applicable worldwide on April 2
Donald Trump has announced an access to receipnock on all countries of the world that are negotiated with the United States. After the receiver rate, which is implemented from April 2, America will impose as many prices in the country as the country will impose in the United States.
All these countries will be affected by this price which will put more prices on American products. The new price can cause obstruction in the global supply chain, which will affect many industries.
Why does America puts a reciprocal rate?
Trump tries to reduce America’s trade deficit thanks to the price access rate. When a country makes more exports and imports to another country, it is called trade deficit. Speaking of India, there is a trade deficit of around $ 45 billion between the United States and India. According to data from the Ministry of Commerce, India exports $ 73.7 billion in the United States, while America imports are only $ 39.1 billion.
