ASEAN leaders agree tariff deals with US should not harm members
- ASEAN leaders agreed on May 26, 2025, at the Kuala Lumpur Summit not to retaliate against new US tariffs that affect member countries’ exports.
- This consensus emerged amid rising geopolitical tensions, increasing trade barriers, and climate change risks that threaten regional progress and supply chains.
- ASEAN, consisting of 10 members, faces tariffs ranging mostly between 32% and 49%, with the Philippines receiving a 17% tariff paused until July 31 following US suspension.
- According to ASEAN officials, a unified non-retaliatory approach avoids escalation, supports economic stability, and encourages dialogue with the US, its largest investor and second-largest trading partner in 2024.
- The pact highlights ASEAN's focus on sustainable growth, climate resilience financing, and diversifying economic partnerships to mitigate tariff effects and geopolitical risks.
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ASEAN leaders agree US tariff deals should not harm members
Southeast Asian leaders reached an understanding on Tuesday that any bilateral agreements they might strike with the United States on trade tariffs would not harm each others' economies, Malaysia's premier Anwar Ibrahim said. Anwar, the current chair of the Association of Southeast Asian Nations, said there was consensus during a leaders' summit in Kuala Lumpur that any deals negotiated with Washington would ensure the interests of the region as…
·London, United Kingdom
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Leaning Left7Leaning Right3Center7Last UpdatedBias Distribution41% Left, 41% Center
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C 41%
R 18%
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