In a bold move, Malaysian PM Anwar Ibrahim has rallied Southeast Asia to weather the impact of sweeping U.S. tariffs imposed last week by President Donald Trump. Markets worldwide felt the tremor, and economic leaders are now on high alert. 😮
At a staff meeting in the prime minister's department, PM Anwar emphasized that ASEAN, with a dynamic population of over 640 million and a robust economic engine, can overcome these challenges when united. Countries like Vietnam and Cambodia have been hit with tariffs as high as 46% and 49% on exports, while Malaysia faces a 24% levy. His message was clear: stand firm as a group.
Trade Minister Tengku Zafrul Aziz echoed this sentiment, reminding everyone that "two wrongs don't make a right." His call for calm aims to prevent any escalation into a trade war, making the upcoming meeting of ASEAN economic ministers this Thursday a key moment for solidifying a collective strategy.
This is a critical juncture for Southeast Asia as its leaders work together to forge a resilient and unified economic future. Stay tuned for more updates on how ASEAN plans to navigate these challenging times! 💪🌏
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Malaysian PM: Southeast Asia must 'stand firm' against U.S. tariffs
cgtn.com
