Berliner Boersenzeitung - East Asia united against Trump

EUR -
AED 4.185954
AFN 72.947589
ALL 94.294632
AMD 417.830324
ANG 2.040717
AOA 1045.205368
ARS 1683.774482
AUD 1.652987
AWG 2.051656
AZN 1.936427
BAM 1.957791
BBD 2.287406
BDT 139.692031
BGN 1.927281
BHD 0.42823
BIF 3384.485685
BMD 1.139809
BND 1.473518
BOB 7.848117
BRL 5.900221
BSD 1.13574
BTN 107.155009
BWP 15.497553
BYN 3.232172
BYR 22340.254248
BZD 2.284202
CAD 1.61687
CDF 2587.365958
CHF 0.921797
CLF 0.026609
CLP 1047.267556
CNY 7.755088
CNH 7.754826
COP 3916.759484
CRC 516.91877
CUC 1.139809
CUP 30.204936
CVE 110.378679
CZK 24.26106
DJF 202.242967
DKK 7.474986
DOP 66.927167
DZD 151.937634
EGP 56.431257
ERN 17.097133
ETB 179.123465
FJD 2.582924
FKP 0.862513
GBP 0.862647
GEL 3.014799
GGP 0.862513
GHS 12.774212
GIP 0.862513
GMD 83.206091
GNF 9951.987623
GTQ 8.664924
GYD 237.635784
HKD 8.938364
HNL 30.389498
HRK 7.53345
HTG 148.444185
HUF 354.030908
IDR 20395.740282
ILS 3.415266
IMP 0.862513
INR 107.583366
IQD 1487.838853
IRR 1567294.214566
ISK 144.02629
JEP 0.862513
JMD 178.999641
JOD 0.808094
JPY 184.143532
KES 147.607196
KGS 99.676239
KHR 4573.750637
KMF 494.677183
KPW 1025.8284
KRW 1754.256722
KWD 0.352884
KYD 0.946479
KZT 550.449323
LAK 25242.107599
LBP 101708.364882
LKR 382.76589
LRD 206.698345
LSL 18.808453
LTL 3.36556
LVL 0.689459
LYD 7.293319
MAD 10.692259
MDL 20.159851
MGA 4841.859197
MKD 61.637914
MMK 2392.971959
MNT 4080.792105
MOP 9.171825
MRU 45.111273
MUR 54.380594
MVR 17.610087
MWK 1969.376428
MXN 19.991963
MYR 4.663073
MZN 72.832523
NAD 18.808453
NGN 1566.52989
NIO 41.79341
NOK 11.286559
NPR 171.447061
NZD 2.017627
OMR 0.438256
PAB 1.135775
PEN 3.886652
PGK 4.984002
PHP 69.821231
PKR 316.069401
PLN 4.286759
PYG 6939.995289
QAR 4.139964
RON 5.239589
RSD 117.401001
RUB 87.877339
RWF 1668.974951
SAR 4.264217
SBD 9.177687
SCR 16.007841
SDG 683.885259
SEK 11.07277
SGD 1.475243
SHP 0.850982
SLE 28.280114
SLL 23901.2267
SOS 649.051375
SRD 42.537564
STD 23591.742763
STN 24.524612
SVC 9.938279
SYP 125.985468
SZL 18.805873
THB 38.063948
TJS 10.49996
TMT 3.989331
TND 3.372273
TOP 2.744387
TRY 53.143533
TTD 7.713978
TWD 36.32035
TZS 2986.796222
UAH 51.068251
UGX 4202.346435
USD 1.139809
UYU 45.566929
UZS 13642.871264
VES 707.539771
VND 29970.704864
VUV 136.721107
WST 3.174934
XAF 656.615967
XAG 0.019708
XAU 0.000282
XCD 3.080391
XCG 2.046917
XDR 0.81662
XOF 656.615967
XPF 119.331742
YER 271.986885
ZAR 18.756463
ZMK 10259.644484
ZMW 20.499663
ZWL 367.017998
  • RIO

    1.0800

    95.11

    +1.14%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • JRI

    0.0100

    12.58

    +0.08%

  • AZN

    2.6600

    185.68

    +1.43%

  • BTI

    1.0900

    62.48

    +1.74%

  • CMSC

    -0.0190

    22.046

    -0.09%

  • BCC

    2.1000

    79.76

    +2.63%

  • BCE

    0.0000

    23.2

    0%

  • NGG

    0.5900

    83.42

    +0.71%

  • GSK

    0.8000

    51.89

    +1.54%

  • RBGPF

    0.0000

    61.3

    0%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • BP

    -0.1400

    37.72

    -0.37%

  • RELX

    -0.2300

    30.92

    -0.74%

  • VOD

    0.0500

    13.86

    +0.36%


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.