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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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GMA Filipino News broke the news in Quezon City, Philippines on Monday, May 26, 2025.
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