Six ASEAN member states were among the first 14 countries to receive President Donald Trump's tariff letters, facing some of the steepest proposed rates. Malaysia and Indonesia have been threatened with tariffs of 25 percent and 32 percent, Thailand and Cambodia with 36 percent, and Laos and Myanmar up to 40 percent. Trump has also threatened an additional 10 percent tariff on any country ' aligned ' with the BRICS group. This could impact several ASEAN countries including Indonesia, which became a full BRICS member in January, as well as Thailand, Malaysia and Vietnam, all BRICS partner nations.
"Across the world, trade once used to generate growth are now wielded to pressure, isolate and contain," said Malaysian Prime Minister Anwar Ibrahim, this year's ASEAN chair, at the ASEAN Foreign Ministers' Meeting. "As we navigate external pressures, we need to fortify our foundations, trade among ourselves, and invest in one another." ... China and ASEAN are elevating economic ties. - Yu Xiaodong
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