South Korea, China and Japan held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the three Asian export powers brace from U.S. President Donald Trump's tariffs.

China, Japan, and South Korea agreed to a joint response to US tariffs after their first economic dialogue in five years. They plan to strengthen supply chains, cooperate on export controls, and pursue a free trade agreement.

The economy and trade ministers from Japan, China and South Korea on Sunday confirmed the three countries’ intentions to promote free trade. In a joint statement adopted at their meeting in Seoul, the ministers said,