VIENTIANE, Laos: Southeast Asian defense chiefs met Thursday with China, the United States and other partner nations in Laos for security talks, which come as Beijing’s increasingly assertive stance in its claim to most of the South China Sea is leading to more confrontations.
The closed-door talks put US Secretary of Defense Lloyd Austin and Chinese Defense Minister Dong Jun in the same room a day after Dong refused a request to meet with Austin one-on-one on the sidelines of the ASEAN Defense Ministers Meetings.
The US and China have been working to improve frayed military-to-military communications and Austin said he regretted Dong’s decision, calling it “a setback for the whole region.”
The ASEAN meetings come as member nations are looking warily toward the change in American administrations at a time of increasing maritime disputes with China. The US has firmly pushed a “free and open Indo-Pacific” policy under outgoing President Joe Biden and it is not yet clear how the incoming administration of President-elect Donald Trump will address the South China Sea situation.
In addition to the United States and China, other nations attending the ASEAN meeting from outside Southeast Asia include Japan, South Korea, India, Russia, Australia and New Zealand.
The meetings with the ASEAN dialogue partners were also expected address tensions in the Korean Peninsula, the Russia-Ukraine war, and wars in the Middle East.
Before heading to Laos, Austin concluded meetings in Australia with officials there and with Japan’s defense minister. They pledged to support ASEAN and expressed their “serious concern about destabilizing actions in the East and South China Seas, including dangerous conduct by the People’s Republic of China against Philippines and other coastal state vessels.”
Along with the Philippines, ASEAN members Vietnam, Malaysia and Brunei have competing claims with China in the South China Sea, which Beijing claims almost entirely as its own territory.
Indonesia, Thailand, Singapore, Myanmar, Cambodia and Laos are the other ASEAN members.
As China has grown more assertive in pushing its territorial claims in recent years, it and ASEAN have been negotiating a code of conduct to govern behavior in the sea, but progress has been slow.
Officials have agreed to try to complete the code by 2026, but talks have been hampered by thorny issues, including disagreements over whether the pact should be binding.
Chinese and Philippine vessels have clashed repeatedly this year, and Vietnam in October charged that Chinese forces assaulted its fishermen in disputed areas in the South China Sea. China has also sent patrol vessels to areas that Indonesia and Malaysia claim as their exclusive economic zones.
Another thorny regional issue is the civil war and humanitarian crisis in ASEAN member Myanmar. The group’s credibility has been severely tested by the war in Myanmar, where the army ousted an elected government in 2021, and fighting has continued with pro-democracy guerillas and ethnic rebels.
More than a year into an offensive initiated by three militias and joined by other resistance groups, observers estimate the military controls less than half the country.
Myanmar military rulers have been barred from ASEAN meetings since late 2021, but this year the country has been represented by high-level bureaucrats, including at the summit in October.
At the defense meetings, the country is represented by Zaw Naing Win, director of the Defense Ministry’s International Affairs Department.
Meetings on Wednesday also discussed military cooperation, transnational haze, disinformation, border security and transnational crimes such as drugs, cyberscams and human trafficking, Thai Defense Ministry spokesperson Thanathip Sawangsang said.
ASEAN defense chiefs discuss regional security with US, China and other partner nations
https://arab.news/9be52
ASEAN defense chiefs discuss regional security with US, China and other partner nations
- The US and China have been working to improve frayed military-to-military communications
- ASEAN meetings come as member nations are looking warily toward the change in American administrations
Trump calls for one year cap on credit card interest rates at 10 percent
- Trump says Americans have been ‘ripped off’ by credit card companies
- Lawmakers from both parties have raised concerns about rates
WASHINGTON: US President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Trump also made the pledge during the campaign for the 2024 election that he won but analysts dismissed it at the time saying that such a step required congressional approval.
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate and the House of Representatives.
There have been some legislative efforts in Congress to pursue such a proposal but they are yet to become law and in his post Trump did not offer explicit support to any specific bill.
Opposition lawmakers have criticized Trump, a Republican, for not having delivered on his campaign pledge.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10 percent,” Trump wrote on Truth Social, without providing more details.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added.
The White House did not immediately respond to a request for comment on details of the call from Trump, but said on social media without elaborating that the president was capping the rates.
Some major US banks and credit card issuers like American Express, Capital One Financial Corp, JPMorgan , Citigroup and Bank of America did not immediately respond to a request for comment.
US Senator Bernie Sanders, a fierce Trump critic, and Senator Josh Hawley, who belongs to Trump’s Republican Party, have previously introduced bipartisan legislation aimed at capping credit card interest rates at 10 percent for five years. This bill explicitly directs credit card companies to limit rates as part of broader consumer relief legislation.
Democratic US Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card interest rates at 10 percent, reflecting cross-aisle interest in addressing high rates.
Billionaire fund manager Bill Ackman, who endorsed Trump in the last elections, said the US president’s call was a “mistake.”
“This is a mistake,” Ackman wrote on X.
“Without being able to charge rates adequate enough to cover losses and earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid.”
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
The Trump administration had asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged the rule was illegal. A federal judge subsequently threw out the rule.









