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Wednesday, May 28, 2025, 10:08 GMT+7

ASEAN leaders agree tariff deals with US should not harm fellow members

KUALA LUMPUR -- Southeast Asian leaders reached an understanding on Tuesday that any bilateral agreements they might strike with the United States on trade tariffs would not harm the economies of fellow members, Malaysia's premier Anwar Ibrahim said.

ASEAN leaders agree tariff deals with US should not harm fellow members

Singapore's Prime Minister Lawrence Wong, Thailand's Prime Minister Paetongtarn Shinawatra and Vietnam's Prime Minister Pham Minh Chinh look at the declaration document held by Malaysia's Prime Minister Anwar Ibrahim, after they signed the Kuala Lumpur Declaration on ASEAN 2045: Our Shared Future, during the 46th ASEAN-Summit at the Kuala Lumpur Convention Centre in Kuala Lumpur, Malaysia, May 26, 2025. Photo: Reuters

Anwar, the current chair of the Association of Southeast Asian Nations, said there was consensus during an ASEAN summit in Kuala Lumpur that any deals negotiated with Washington would ensure the interests of the region as a whole were protected.

The ASEAN meeting came at a time of global market volatility and slowing economic growth, and amid uncertainty over a trade war that has ensued since U.S. President Donald Trump's announcement of sweeping "Liberation Day" tariffs.

ASEAN leaders agree tariff deals with US should not harm fellow members - Ảnh 1.

Malaysia's Prime Minister Anwar Ibrahim stands on the stage, ahead of siging ceremony of the Kuala Lumpur Declaration on ASEAN 2045: Our Shared Future, during the 46th ASEAN-Summit at the Kuala Lumpur Convention Centre, in Kuala Lumpur, Malaysia, May 26, 2025. Photo: Reuters

Southeast Asia is among the regions hardest hit by the tariffs, with six of its countries facing levies of between 32% and 49% in July if negotiations on reductions fail.

"While proceeding with bilateral negotiations ..., the consensus rose to have some sort of understanding with ASEAN that decisions should not be at the expense of any other country," said Anwar, who on Monday said he had written to Trump requesting an ASEAN-U.S. meeting on the tariffs.

"So we will have to protect the turf of 650 or 660 million people," he said of ASEAN.

ASEAN leaders agree tariff deals with US should not harm fellow members - Ảnh 2.

Secretary-General of ASEAN Kao Kim Hourn receives a signed document of the Kuala Lumpur Declaration on ASEAN 2045: Our Shared Future from Malaysia's Prime Minister Anwar Ibrahim, during the 46th ASEAN-Summit at the Kuala Lumpur Convention Centre in Kuala Lumpur, Malaysia, May 26, 2025. Photo: Reuters

ASEAN, a region with combined gross domestic product of more than $3.8 trillion, is in a precarious position in relation to the United States, which is the biggest market for the region's exports, key drivers of its growth.

The 10-member bloc on Tuesday released a five-year strategic plan to better integrate its economies, citing challenges that meant "carrying on business as usual will not suffice".

ASEAN leaders agree tariff deals with US should not harm fellow members - Ảnh 3.

Prime Minister of Timor-Leste Xanana Gusmao attends the 46th ASEAN Summit, at the Kuala Lumpur Convention Centre in Kuala Lumpur, Malaysia, May 26, 2025. Photo: Reuters

Tuesday's meetings also included an economic gathering of leaders of the ASEAN, Gulf countries and China, which was represented by Premier Li Qiang.

One absentee was Brunei's 78-year-old ruler, Sultan Hassanal Bolkiah, who was admitted to a Kuala Lumpur hospital after feeling tired, but was in good health according to his office.

ASEAN leaders agree tariff deals with US should not harm fellow members - Ảnh 4.

Indonesian President Prabowo Subianto attends the 46th ASEAN Summit, at the Kuala Lumpur Convention Centre in Kuala Lumpur, Malaysia, May 26, 2025. Photo: Reuters

 At a dinner event late on Tuesday, China's Li urged Gulf and ASEAN countries to remove trade barriers and expand liberalisation in the face of rising protectionism and unilateralism.

"We all need to firmly maintain the multilateral trading system with the World Trade Organization as the core, and promote the creation of a stable and orderly international market environment," he said.

Reuters

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