China, Japan and South Korea to strengthen free trade
China, Japan and South Korea to strengthen free trade
www.dw.com
China, Japan and South Korea to strengthen free trade – DW – 03/30/2025
Summary
China, Japan, and South Korea held their first trade talks in 5 years in Seoul, agreeing to deepen cooperation amid looming U.S. tariffs announced by Donald Trump.
With a 25% tariff on car imports threatening their export-heavy economies, the three nations pledged to advance negotiations on a trilateral free trade agreement and strengthen the RCEP.
South Korea’s trade minister emphasized joint action against global economic fragmentation.
The meeting marks a renewed push for regional trade unity as tensions with the U.S. grow. The next meeting will be held in Japan.
Donald Trump out there repairing international relationships in months that have been on the rocks for the last millennium.
He’ll be remembered as the man who united the world…against the US. Lol
What’s the over/under on trade shifting to the Renminbi before his term is through?
i've had this talk with a close colleague yesterday... they said something along the lines of "war is the father of all things, it brings progress",
and i replied: " well, if the US starts a war, it might well bring progress alright, but that progress would likely be to get rid of the tyrant that the US has become."
I'd bet a trillion dollars that the trade won't shift to the RMB. The main reason is simple, that's not what China wants. I'm so tired of western analysts not understanding a god damn thing about what China is doing. They see the US wanting the dollar to be the main trading currency so they assume because USA wants it, China HAS TO WANT IT BECAUSE CHINA HAS TO OPERATE EXACTLY THE SAME WAY. It's so ignorant it makes me puke. It's the same thing with them droning on and on about war with Taiwan.
How about we take a I dunno a god damn minute to see how China is changing trade? Currency swaps. I'm not going to delve deep into how it works, research it if you're curious. But basically the countries exchange like a trillion dollars and every time a transaction occurs, money is pulled out of that pool. The reason China loves this is because essentially no monetary transaction has occurred. If you were ever wondering how China keeps growing as their trades on swift go down, this is how. The best part is nothing is transparent about any of this. China can show or hide what ever the fuck they want. Which leads directly to articles about China lying about their economy. Which they are, as the IMF discovered China is hiding trillions and trillions of currency from these exchanges. This isn't me saying this, this is the god damn western IMF saying this.
So then, if this is working for China, someone needs to explain why the fuck China would even want to be the main trading currency.