Tokyo and Seoul assess the impact of China-US trade dispute

There are no winners in a trade war. China's East Asian neighbors, Japan and the Republic of Korea, are assessing the impact of the trade dispute between the United States and China on their economies.

A statement released by the ROK's Trade Ministry on July 12 said the escalating trade row could hit the country's exports of intermediary goods used in home appliances, computers and communications devices.

The ministry said it would prepare a response to cope with the economic impact of the trade dispute, faced with the prospect of a prolonged and expanding trade war.