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ASEAN bloc seeks dialogue with US on tariffs but won't retaliate

ASEAN bloc seeks dialogue with US on tariffs but won't retaliate

13 Sept 14:08 Key points summarised by AI
  • ASEAN economic ministers commit to *not retaliate* against recent US tariffs, instead seeking "frank and constructive dialogue" to address trade concerns.
  • The bloc, the world's fifth-largest economy, expresses deep concern over the unilateral US tariffs but acknowledges the US as its largest foreign investor and second-largest trading partner.
  • Various ASEAN members, including Vietnam (46% tariff) and Cambodia (49% tariff), have been significantly impacted by the US levies, which recently saw a 90-day pause.
  • Malaysia, chairing the special meeting, affirmed the bloc's united stance against retaliation, with its trade minister noting the "uncertainty" surrounding Trump's tariff policies.
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