China Japan and South Korea will reportedly jointly respond to the US tariffs:
- Japan and South Korea are seeking to import semi conductor raw materials from China.
- China is also interested in purchasing chip products from Japan and South Korea.
- China Japan and South Korea have consensus that they hope to keep the supply chain smooth in these areas.
China South Korea and Japan are looking to conduct high level free-trade agreement talks in reaction to the higher tariffs expected from Pres. Trump.
This article was written by Greg Michalowski at www.forexlive.com.