ASEAN economic ministers: No ‘retaliatory measures’ against US

Economic ministers of the ASEAN regional bloc committed on Thursday ‘to not impose any retaliatory measures’ against the US. (Reuters)
Short Url
Updated 10 April 2025
Follow

ASEAN economic ministers: No ‘retaliatory measures’ against US

  • ASEAN ministers ready ‘to engage in a frank and constructive dialogue with the US to address trade-related concerns’
  • Manufacturing powerhouse Vietnam was hit with a 46 percent tariff on exports to the United States

KUALA LUMPUR: Economic ministers of the ASEAN regional bloc committed on Thursday “to not impose any retaliatory measures” against the United States over sweeping tariffs and said they were ready to engage in talks.
“ASEAN, being the fifth largest economy in the world, is deeply concerned over the recent introduction of unilateral tariffs by the US, including the tariffs announced on 2 April 2025 and subsequently the most recent suspension on 9 April 2025,” the Association of Southeast Asian ministers said in a statement issued after a video conference meeting.
Despite their concern, the ministers said they were ready “to engage in a frank and constructive dialogue with the US to address trade-related concerns.”
“Open communication and collaboration will be crucial to ensuring a balanced and sustainable relationship. In that spirit, ASEAN commits to not impose any retaliatory measures in response to the US tariffs,” they said.
The special meeting was chaired by Malaysia’s Minister of Investment, Trade and Industry Tengku Zafrul Aziz. Malaysia holds the rotating chair of the 10-member regional bloc.
Its members, which count on the United States as their main export market, were among those hit with the toughest levies by US President Donald Trump.
Manufacturing powerhouse Vietnam was hit with a 46 percent tariff on exports to the United States while neighboring Cambodia – a major producer of low-cost clothing for big Western brands – was slapped with a 49 percent duty.
The other ASEAN members hit with hefty tariffs are Laos (48 percent), Myanmar (44 percent), Thailand (36 percent) and Indonesia (32 percent).
Malaysia, Southeast Asia’s third-largest economy, was hit with a lower tariff of 24 percent.
Brunei also faces a 24 percent tariff, while the Philippines was hit with 17 percent and Singapore 10 percent.


Trump discussing how to acquire Greenland; US military always an option, White House says

Updated 58 min 25 sec ago
Follow

Trump discussing how to acquire Greenland; US military always an option, White House says

  • Greenland has repeatedly said it does not want ‌to be part ‌of the United States
  • Strong statements ‍in support of Greenland from NATO leaders have not deterred Trump

WASHINGTON: US President Donald Trump and his team are discussing options for acquiring Greenland and the use ​of the US military in furtherance of the goal is “always an option,” the White House said on Tuesday.
Trump’s ambition of acquiring Greenland as a strategic US hub in the Arctic, where there is growing interest from Russia and China, has been revived in recent days in the wake of the US arrest of Venezuelan President Nicolas Maduro. Greenland has repeatedly said it does not want ‌to be part ‌of the United States.
The White House said ‌in ⁠a ​statement ‌in response to queries from Reuters that Trump sees acquiring Greenland as a US national security priority necessary to “deter our adversaries in the Arctic region.”
“The president and his team are discussing a range of options to pursue this important foreign policy goal, and of course, utilizing the US military is always an option at the commander-in-chief’s disposal,” the White House ⁠said.
A senior US official said discussions about ways to acquire Greenland are active in the ‌Oval Office and that advisers are discussing ‍a variety of options.
Strong statements ‍in support of Greenland from NATO leaders have not deterred Trump, ‍the official said.
“It’s not going away,” the official said about the president’s drive to acquire Greenland during his remaining three years in office.
The official, speaking on condition of anonymity, said options include the outright US purchase of ​Greenland or forming a Compact of Free Association with the territory. A COFA agreement would stop short of Trump’s ambition ⁠to make the island of 57,000 people a part of the US.
A potential purchase price was not provided.
“Diplomacy is always the president’s first option with anything, and dealmaking. He loves deals. So if a good deal can be struck to acquire Greenland, that would definitely be his first instinct,” the official said.
Administration officials argue the island is crucial to the US due to its deposits of minerals with important high-tech and military applications. These resources remain untapped due to labor shortages, scarce infrastructure and other challenges.
Leaders from major European powers and Canada ‌rallied behind Greenland on Tuesday, saying the Arctic island belongs to its people.