Berliner Boersenzeitung - East Asia united against Trump

EUR -
AED 4.258068
AFN 81.298386
ALL 97.911926
AMD 442.33181
ANG 2.07495
AOA 1063.200355
ARS 1358.318112
AUD 1.782537
AWG 2.08988
AZN 1.97143
BAM 1.955048
BBD 2.3135
BDT 140.136111
BGN 1.956539
BHD 0.437332
BIF 3412.273106
BMD 1.159434
BND 1.481924
BOB 7.945979
BRL 6.381294
BSD 1.145854
BTN 99.389352
BWP 15.494975
BYN 3.74971
BYR 22724.90921
BZD 2.301605
CAD 1.590407
CDF 3335.691845
CHF 0.94065
CLF 0.028654
CLP 1099.595773
CNY 8.324154
CNH 8.319137
COP 4735.129042
CRC 578.874899
CUC 1.159434
CUP 30.725005
CVE 110.223089
CZK 24.793309
DJF 204.040657
DKK 7.459997
DOP 68.053537
DZD 150.583188
EGP 57.938431
ERN 17.391512
ETB 154.311395
FJD 2.606698
FKP 0.859544
GBP 0.852445
GEL 3.153718
GGP 0.859544
GHS 11.801513
GIP 0.859544
GMD 82.897482
GNF 9927.139741
GTQ 8.815648
GYD 239.718851
HKD 9.101494
HNL 29.925363
HRK 7.534357
HTG 150.383091
HUF 401.755779
IDR 18953.269942
ILS 3.93985
IMP 0.859544
INR 99.743279
IQD 1501.016316
IRR 48841.163094
ISK 142.401721
JEP 0.859544
JMD 182.648975
JOD 0.822042
JPY 168.23736
KES 149.857172
KGS 101.350313
KHR 4592.956497
KMF 495.65479
KPW 1043.480484
KRW 1574.778587
KWD 0.354532
KYD 0.954829
KZT 598.467281
LAK 24718.388028
LBP 102663.193016
LKR 344.775931
LRD 229.160889
LSL 20.765725
LTL 3.423507
LVL 0.70133
LYD 6.239574
MAD 10.496309
MDL 19.685345
MGA 5094.019144
MKD 61.525485
MMK 2434.201031
MNT 4153.507827
MOP 9.264897
MRU 45.297386
MUR 52.614758
MVR 17.861114
MWK 1986.827404
MXN 22.076235
MYR 4.927739
MZN 74.157663
NAD 20.765725
NGN 1797.401545
NIO 42.163604
NOK 11.691943
NPR 159.023162
NZD 1.92433
OMR 0.445774
PAB 1.145764
PEN 4.126031
PGK 4.721164
PHP 66.109193
PKR 325.121973
PLN 4.261397
PYG 9145.44371
QAR 4.190107
RON 5.046664
RSD 117.229187
RUB 91.306607
RWF 1654.55661
SAR 4.349141
SBD 9.670178
SCR 17.014134
SDG 696.244701
SEK 11.067251
SGD 1.486168
SHP 0.911133
SLE 26.029446
SLL 24312.758518
SOS 654.845357
SRD 45.03355
STD 23997.94588
SVC 10.026101
SYP 15074.881925
SZL 20.759927
THB 37.872333
TJS 11.3148
TMT 4.05802
TND 3.397908
TOP 2.715509
TRY 45.95858
TTD 7.786972
TWD 34.216182
TZS 3101.485915
UAH 48.017828
UGX 4134.427949
USD 1.159434
UYU 46.841381
UZS 14319.555214
VES 120.125284
VND 30333.695776
VUV 139.297959
WST 3.081669
XAF 655.702024
XAG 0.032131
XAU 0.000349
XCD 3.133428
XDR 0.815483
XOF 655.702024
XPF 119.331742
YER 281.336592
ZAR 20.522738
ZMK 10436.299396
ZMW 26.622648
ZWL 373.337321
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%


East Asia united against Trump




In an unprecedented move, China, Japan and South Korea have formed a historic alliance to take joint action against the United States and, in particular, against the policies of President Donald Trump. This unusual cooperation between the three East Asian countries, which have often been marked by conflict and rivalry throughout their history, marks a turning point in global geopolitics and could have far-reaching implications for the global economy and international relations.

Overcoming historical tensions
Relations between China, Japan and South Korea have often been marked by mistrust and territorial disputes in the past. Historical conflicts in particular, such as Japan's occupation of China in the 1930s and the atrocities associated with it, have left deep scars. There are also ongoing tensions between South Korea and Japan that date back to the period of Japanese colonial rule. Nevertheless, these countries have now decided to put their differences aside and join forces against what they perceive as threatening US policies.

Reaction to Trump's tariff policy
The main reason for this alliance is the aggressive tariff policy of the US under President Trump. Since taking office, Trump has pursued a protectionist trade policy aimed at strengthening the US economy by imposing high tariffs on imports from various countries, particularly China, Japan and South Korea. These tariffs have significantly affected these countries' exports to the US and led to considerable economic losses. In response, the three countries have decided to work more closely together and develop joint strategies to counter the economic pressure from the US.

Historic meetings and agreements
A decisive step in this direction was the meeting of the trade ministers of China, Japan and South Korea in Seoul, which was described as historic. At this meeting, the first of its kind in over five years, the ministers agreed to accelerate negotiations on a trilateral free trade agreement. This agreement is intended to facilitate trade between the three countries and reduce their dependence on the US. In addition, they agreed to work more closely together to strengthen supply chains and promote the digital and green economy.

Political dimension
The alliance also has a strong political dimension. In a joint statement, the three countries emphasised the need for a ‘predictable environment for trade and investment’ and criticised the US's unilateral trade measures as destabilising for the global economy. This statement can be interpreted as a direct message to the US government that the East Asian countries are not prepared to accept the tariffs imposed by Trump without protest.

Possible implications
The implications of this alliance could be far-reaching. On the one hand, it could accelerate economic integration in East Asia and lead to a shift in global trade flows. If China, Japan and South Korea strengthen their trade relations with each other, this could reduce the importance of the US as a trading partner for these countries. On the other hand, the alliance could also have political and security implications. Traditionally, Japan and South Korea are close allies of the US in the region, and closer cooperation with China could call the existing alliance system into question.

Reactions from Washington
This development has caused concern in Washington. The US government fears that the alliance could weaken American influence in East Asia and jeopardise the US's strategic position in the region. In particular, the prospect of a trilateral free trade agreement is seen as a threat to the US economy, as it could make it more difficult for American companies to access the lucrative markets in China, Japan and South Korea.

A new model of cooperation
Despite the challenges this alliance poses, there are also voices that see it as an opportunity for a multipolar world order. Cooperation between China, Japan and South Korea could serve as a model for a new form of regional cooperation based on economic integration and mutual respect rather than hegemonic claims.

Outlook
Overall, the historic alliance between China, Japan and South Korea marks a turning point in global geopolitics. It is a direct response to the protectionist policies of the US under President Trump and could permanently change the balance of power in the world. It remains to be seen how this alliance will develop in the coming years and what impact it will have on the international order.