US, Japan and South Korea launch economic-security talks before Xi summit

Three allies target economic coercion and industrial overcapacity while reinforcing calls for stability across the Taiwan Strait The three governments pledged to stand against economic coercion and “non-market policies and practices” that produce harmful industrial overcapacity and distort markets, as well as arbitrary export restrictions that disrupt global supply chains. They also agreed to strengthen an existing trilateral supply-chain early warning system, according to a joint statement released by the US State Department.

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