Japan and China Resume Economic Talks Amid U.S. Trade Pressures
Japan and China held their first economic talks in six years on Saturday in Tokyo to reduce tensions exacerbated by U.S. trade policies. Japanese Foreign Minister Takeshi Iwaya noted that U.S. tariffs were not a central topic. Meanwhile, U.S. Senator Steve Daines also held discussions in China as part of ongoing trade negotiations amid significant tariff hikes.
On Saturday, Japan and China engaged in economic discussions in Tokyo, marking their first formal talks in six years. This meeting aims to alleviate tensions between the two nations amid increasing trade pressures from the United States. The Japanese Foreign Minister, Takeshi Iwaya, indicated that while the impact of U.S. tariffs was acknowledged, it was not a primary concern during the discussions.
Minister Iwaya emphasized Japan’s commitment to collaborating with South Korea and ensuring ongoing communication with the U.S., following separate consultations with South Korean officials earlier on the same day. He refrained from disclosing specifics about the dialogues held with Wang, his Chinese counterpart, regarding U.S. tariffs.
Additionally, on the same day, U.S. Senator Steve Daines met with Vice Premier He Lifeng. He is scheduled to engage with Premier Li Qiang soon. Preliminary reports from Saturday’s discussion indicated a lack of significant developments on trade relations. Analysts highlighted the urgency of addressing the heightened tariffs, which have increased by 20% under the Trump administration, creating a challenging environment for negotiations.
HSBC analysts pointed out, “It is notable that the only US tariffs that have not been delayed or alleviated are those imposed on China on February 4 and March 4.”
The recent economic talks between Japan and China signify an important step towards easing tensions influenced by U.S. trade policies. Both nations aim to strengthen bilateral economic cooperation while remaining engaged with the United States. With continuing pressures from tariffs, the discussions reflect the complexities of international trade relations and the necessity for constructive dialogue moving forward.
Original Source: www.tradingview.com
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