President Trump's reciprocal tariffs on Japan (24%) and South Korea (25%) were largely in line with market expectations.

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.

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