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Japan, China, and South Korea have agreed to enhance free trade cooperation amid new tariffs imposed by the U.S. The meeting, the first of its kind in five years, emphasized the need for a comprehensive trilateral free-trade agreement and a stable trade environment, as the three nations collectively represent a significant portion of the global economy and trade.
At the APEC summit in Lima, Chinese President Xi Jinping criticized unilateralism and protectionism, advocating for economic globalization as Donald Trump's return to the U.S. presidency looms. Xi highlighted China's efforts to attract foreign investment and expand trade ties, particularly with Latin America, while analysts noted that China's own protectionist measures have raised concerns globally.
Chinese President Xi Jinping cautioned against reversing globalization in response to Donald Trump's impending tariffs, which could reach 60%. Speaking through Commerce Minister Wang Wentao at the APEC CEO summit, Xi emphasized the dangers of unilateralism and protectionism, highlighting the challenges facing economic globalization amid rising global tensions.
Wang Wentao
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