Japan and China resumed economic discussions in Tokyo on Saturday, marking their first engagement in six years. The aim is to reduce tensions between the two nations amid increasing trade pressure from the United States.
Japanese Foreign Minister Takeshi Iwaya stated that U.S. tariffs were not a primary concern during these meetings. Japan and South Korea also confirmed their commitment to close cooperation and ongoing communication with the U.S. after their separate talks earlier.
Us Tariffs And Economic Strategies
U.S. Senator Steve Daines visited China for trade discussions and met with Vice Premier He Lifeng, with a meeting with Premier Li Qiang planned. Analysts at HSBC noted that the only U.S. tariffs remaining unchanged are those imposed on China on February 4 and March 4.
This re-engagement between Japan and China reflects the efforts to stabilise relations at a time when trade dynamics remain under strain. The focus, at least publicly, appears less about broader tariff disputes and more about reinforcing direct ties. By doing so, both economies are likely positioning themselves for potential shifts in global trade policies.
Iwaya made it clear that tariffs from the United States were not at the forefront of these talks. That said, discussions of this scale rarely proceed without some underlying awareness of external pressures. Washington’s trade policies continue to shape decision-making, even if they are not explicitly stated. The confirmation of continued cooperation with South Korea further underscores a broader strategy—ensuring alignment on key economic issues while mitigating disruptions where possible.
Meanwhile, Daines’ engagement in China suggests dialogue remains open despite previous tensions. His meetings with He and upcoming discussions with Li indicate that Beijing is still seeking direct channels with U.S. officials. The unchanged tariffs noted by HSBC provide a reminder that while some economic measures shift frequently, others remain in place for extended periods.
Market Implications And Future Outlook
For those navigating market fluctuations, these developments highlight the importance of monitoring policy adjustments, as well as the timing of high-level discussions. The coming weeks are likely to bring further clarity as diplomatic engagements continue, and traders will need to assess both official statements and policy actions.
