Reported about 6 hours ago
The upcoming meeting in Kuala Lumpur between U.S. Trade Representative Jamieson Greer and Southeast Asian counterparts is overshadowed by significant U.S. tariffs, ranging from 10% to 40%, impacting the region's economy heavily reliant on exports. Concerns are particularly acute for Vietnam, potentially facing a $25 billion annual loss due to a 20% tariff. While ASEAN nations have engaged in separate negotiations, there may be pressure to consolidate their stance against these tariffs, especially with threats of further increases on key industries like semiconductors.
Source: YAHOO