Kuala Lumpur (VNA) – Malaysian Prime Minister Anwar Ibrahim has called on ASEAN to issue a joint response to tariff-related challenges, citing the impact of the US' unilateral trade act💖ions on regional economies.
Speaking at the 58th ASEAN Foreign Ministers’ Meeting (AMM) in Kuala Lumpur on July 9, the PM of Malaysia, which holds the ASEAN 2025 Chairmanship, highlighted that tariffs, export restrictions, and investment barriers have become become the sharpened instruments of geopolitical rivalry.
He stressed the need for ASEAN to confront this reality with clarity and conviction, and strengthen intra-bloc trade.
ASEAN foreign ministers are expected to express concern over the US’ unilateral tariffs in a joint communiqué of the AMM-58. The draft statement notes that such measures risk exacerbating global economic fragmentation and pose complex challenges to ASEAN’s economic stability and growth.
Under the “Liberation Day Tariffs” announced by US President Donald Trump on April 2, ASEAN countries face tariffs ranging from 10% to 49%.
In the latest update on July 7, six ASEAN nations will be subject to new tariffs starting August 1 unless they reach agreements with the US. Three countries saw reductions in tariff rates, with Cambodia from 49% down to 36%, Laos from 48% to 40%, and Myanmar from 44% to 40%. Meanwhile, the rates for Thailand and Indonesia remain at 36% and 32%. Malaysia's tariff rate has been raised from 24% to 25%.
Vietnam was excluded from the latest announcement, having reached a prior agreement with Washington.
US Secretary of State Marco Rubio is expected to attend the ASEAN foreign ministers' meetings with partner countries later this week. The US Department of State said his first visit to Asia aims to reaffirm Washington's commitment to advancing a free, open, and secure Indo-Pacific region./.
Malaysia has expressed its readiness to negotiate in four key areas: addressing the US’s reported 24.8 billion USD trade deficit with Malaysia, removing non-tariff barriers, strengthening protections for technology and national security, and exploring the possibility of a bilateral trade agreement.
He said the negotiations will be held virtually, led by Deputy Secretary-General (trade) MITI, Mastura Ahmad Mustafa as Malaysia’s chief negotiator, alongside the Assistant US Trade Representative for Southeast Asia and the Pacific, Sarah Ellerman.
Among the steps announced are the enforcement of anti-dumping duties, countervailing taxes and safeguard measures to shield domestic industries from redirected exports stemming from global trade tensions.
ASEAN’s stance is to continue pursuing constructive engagement and negotiation with the US, he said, adding member states could hold bilateral negotiations at the same time.
In a letter dated July 7 and addressed to President Prabowo Subianto, US President Donald Trump confirmed the decision to keep the 32% tariff in place, despite ongoing talks.
In the new development phase, the Mekong-Korea Cooperation should focus on innovation as the key driving force, placing people at the centre of development while ensuring water-food-energy security and developing cultural industries, said Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son.
There are "high odds" that a meeting between US President Donald Trump and Chinese President Xi Jinping could happen, though no specific date or time has been discussed, according to US Secretary of State Marco Rubio.
Deputy PM and FM Bui Thanh Son reaffirmed ASEAN's stances on the East Sea, Myanmar, the Middle East, and the Korean Peninsula. On the East Sea issue, Vietnam maintains its steadfast position of peacefully resolving disputes based on international law, particularly 1982 United Nations Convention on the Law of the Sea (UNCLOS).
In a post on X, Indian Minister of State for External Affairs Pabitra Margherita who co-chaired the meeting, noted that the ASEAN-India Plan of Action for 2026-2030 aims to expand cooperation further and give impetus to the comprehensive strategic partnership between India and the Association of Southeast Asian Nations (ASEAN).
The event was part of activities by the ASEAN Committee in Santiago (ACS), with participation from the embassies of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
By the 2030, the Government aims for 80% of households to live within a 10-minute walk of an MRT station, strengthening Singapore’s commitment to sustainable urban mobility.
The US accounts for 18% of Thailand's exports. If the 36% rate is implemented, exports to the US could fall to 10% of the total, weakening bilateral trade relations over the long term.
AMM-58 is the largest gathering of ASEAN foreign ministers and senior diplomats from around the world to discuss pressing global and regional issues, promote cooperation, and advance the security and sustainability agenda in ASEAN.
Within the framework of the 58th ASEAN Foreign Ministers' Meeting (AMM-58) in Kuala Lumpur, Malaysia, Secretary-General of ASEAN Dr. Kao Kim Hourn held bilateral meetings with ASEAN leaders on July 9.
The Southeast Asian country has offered to cut import duties on most US goods to zero, expand access for US agricultural and industrial products, and increase purchases of energy and Boeing jets. It also pledged to reduce its 46 billion USD trade surplus with the US by 70% within five years.
Myanmar Ambassador Min Thein took over the ACV Chairmanship, pledging to continue ongoing initiatives and further strengthen the unity and engagement of ASEAN diplomatic missions in Vienna
With a foreign policy of independence, self-reliance, and multilateralisation, Vietnam has viewed Brazil as an ideal partner that shares a common vision of a just world based on international law.
Thailand’s consumer price index (CPI) declined for a third consecutive month in June, attributed to lower energy and food prices, though there are no signs of deflation, according to the country’s Commerce Ministry.
According to the Bank of Thailand report issued on June 30, total household debt tallied 16.35 trillion THB (503.4 billion USD) in the first quarter of 2025, equivalent to 87.4% of GDP, down from 16.42 trillion or 88.4% of GDP in the previous quarter.
The programme “Towards Indonesia's Low Carbon Energy Transition” (MENTARI) has served as a bridge, helping Indonesian village women break free from traditional constraints.
The bill, which had previously been proposed by the Ministry of Finance, outlined mechanisms for regulating entertainment businesses through a two-level committee system: the Comprehensive Entertainment Policy Committee and the Entertainment Business Control Board. The goal is to establish standards and regulatory measures for the industry.
According to ADB, more than 1 billion people across Asia and the Pacific still lack access to basic health services, with millions pushed into poverty due to healthcare costs.
The US decided to keep unchanged tariff rates on certain countries in Southeast Asia, such as 32% for Indonesia and 36% for Thailand, effective from August 1. Malaysia faces a 25% rate, up from the 24% that the US threatened in April.
