China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.

President Trump's reciprocal tariffs on Japan (24%) and South Korea (25%) were largely in line with market expectations. Both countries will seek to negotiate lower tariffs, rather than retaliate. Yet US tariffs will generally hit Asia harder, adding to downside risks on growth for Tokyo and Seoul

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

The move came two days after President Donald Trump imposed the same tariff on all Chinese imports, bringing the total U.S. tariff on Chinese goods to at least 54%.

U.S. President Trump’s latest tariffs have taken aim at some of the fastest-growing economies in Asia, threatening to disrupt trade in places such as Vietnam that are a key part of global supply chains.

China has said it will take "resolute countermeasures" in response to US tariffs As US President Donald Trump laid out tariffs on virtually every one of America's trading partners on Wednesday, he had strong words for Beijing.

Asian markets are retreating after Wall Street led the biggest loss among world's markets over worries about U.S. President Donald Trump's tariffs

The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020.

Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it. The S&P 500 was down 3.

South Korea’s Constitutional Court removed impeached President Yoon Suk Yeol from office on Friday, four months after he threw South Korean politics into turmoil by declaring martial law and sending troops to parliament in an ill-fated effort to break through legislative gridlock.

South Korean President Yoon Suk Yeol, who declared martial law and had special forces storm the National Assembly, is removed from office.