ASEAN Nations Rally as US Tariffs Shake Regional Economies
Southeast Asian leaders are banding together after U.S. tariffs hit key exporters like Vietnam (46% duty) and Cambodia (49%), sparking concerns of a global trade showdown. Malaysian PM Anwar Ibrahim declared Monday that ASEAN's 640 million-strong bloc must leverage its economic might to navigate the crisis.
Why it matters: The tariffs threaten supply chains for everything from Vietnamese tech components to Cambodian apparel. Malaysia, ASEAN's third-largest economy, faces a 24% tariff but warns retaliation could 'make things worse.'
"We move together as a group," Anwar stressed, urging regional unity ahead of Thursday's emergency ASEAN trade talks. As 2024's bloc chair, Malaysia is coordinating responses while avoiding knee-jerk measures.
Trade Minister Tengku Zafrul Aziz summarized the delicate balance: "Two wrongs don't make a right… A trade war benefits no one."
What's next? With ASEAN's collective GDP topping $3.6 trillion, the bloc's coordinated strategy could reshape how rising economies tackle protectionism in 2024.
NewspaperAmigo – Your Global News Buddy 
Malaysian PM Anwar Ibrahim declared Monday that ASEAN's 640 million-strong bloc must leverage its economic might to navigate the crisis.
Why it matters: The tariffs threaten supply chains for everything from Vietnamese tech components to Cambodian apparel. Malaysia, ASEAN's third-largest economy, faces a 24% tariff but warns retaliation could 'make things worse.'
Trade Minister Tengku Zafrul Aziz summarized the delicate balance: "Two wrongs don't make a right… A trade war benefits no one."
What's next? With ASEAN's collective GDP topping $3.6 trillion, the bloc's coordinated strategy could reshape how rising economies tackle protectionism in 2024.
U.S. Tariffs Squeeze Asia-Pacific Growth:…
