Trump’s 25 percent tariff could ‘level the playing field’ for Chinese brands insulated from the US market, analyst say.

China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.

China, Japan, and South Korea agreed to a joint response to US tariffs after their first economic dialogue in five years. They plan to strengthen supply chains, cooperate on export controls, and pursue a free trade agreement.

Seoul, Beijing and Tokyo are major U.S. trading partners, although they have been at loggerheads among themselves over issues, including territorial disputes.

US President Donald Trump on Wednesday signed an executive order on the so-called reciprocal tariffs, imposing a 10 percent "minimum baseline tariff" and higher rates on certain trading partners. The policy includes tariffs as high as 49 percent on imports from Cambodia,

President Trump's reciprocal tariffs on Japan (24%) and South Korea (25%) were largely in line with market expectations.

The comments came after the three countries held their first economic dialogue in five years. Read more at straitstimes.com.

In a significant move to counter increasing trade pressures from the United States, China, Japan, and South Korea have decided to unite against rising tariffs imposed by the US. These three major Asian economies held their first economic discussions in five years,

After their first trilateral economic meeting in over five years, China, Japan and South Korea vowed to strengthen their trading ties.