Kuala Lumpur: Economic ministers of the ASEAN regional bloc have committed “to not impose any retaliatory measures” against the United States in response to sweeping tariffs, expressing readiness to engage in talks.
According to Lao News Agency, ASEAN ministers conveyed their concerns over the recent unilateral tariffs imposed by the U.S., including those announced on April 2, 2025, and the subsequent suspension on April 9, 2025. Despite these concerns, the ministers emphasized their willingness to engage in open and constructive dialogue with the U.S. to address trade-related issues.
The ministers highlighted the importance of open communication and collaboration to ensure a balanced and sustainable relationship, stating that ASEAN would refrain from imposing retaliatory measures in response to U.S. tariffs. The statement followed a video conference meeting chaired by Malaysia’s Minister of Investment, Trade and Industry, Tengku Zafrul Aziz, as Malaysia currently holds the rotating chair of the 10-member regional bloc.
ASEAN, recognized as the fifth largest economy globally, counts the United States as a primary export market. The region’s key members have been significantly affected by the tariffs introduced by U.S. President Donald Trump. Notably, Vietnam, a manufacturing powerhouse, faces a 46 percent tariff on its exports to the U.S., while Cambodia, a major producer of low-cost clothing for Western brands, was hit with a 49 percent duty.
Other ASEAN members impacted include Laos with a 48 percent tariff, Myanmar at 44 percent, Thailand at 36 percent, and Indonesia at 32 percent. Malaysia, Southeast Asia’s third-largest economy, and Brunei both face a 24 percent tariff. The Philippines encounters a 17 percent tariff, and Singapore has a 10 percent levy on its exports to the U.S.