China, Japan, and South Korea have resumed high-level economic talks for the first time in five years, aiming to strengthen regional trade ties in response to looming U.S. tariffs under President Trump.
The three nations, all major export-driven economies, emphasized the importance of open and fair trade. They also renewed their commitment to a long-discussed trilateral free trade agreement. South Korea, facing both economic slowdown and natural disaster recovery costs, plans to introduce a $6.8 billion supplementary budget.
The coordinated efforts signal a strategic pivot toward regional cooperation to mitigate external economic pressures.
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South Korea to draft $6.8 bln extra budget for wildfire, tariff threats
South Korea will soon submit a 10 trillion won ($6.8 billion) supplementary budget bill to parliament to respond to the fallout from the country's worst-ever forest fires and counter slumping growth,
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