KUALA LUMPUR, Malaysia (AP) – Malaysian Prime Minister Anwar Ibrahim warned Wednesday that global trade is being weaponized as Southeast Asia’s foreign ministers opened an annual meeting while facing the looming threat of U.S. trade tariffs.
Southeast Asian foreign ministers meet as US tariffs loom
KUALA LUMPUR, Malaysia (AP) – Malaysian Prime Minister Anwar Ibrahim warned Wednesday that global trade is being weaponized as Southeast Asia’s foreign ministers opened an annual meeting while facing the looming threat of U.S. trade tariffs.
The threat of U.S. tariffs has jolted the Association of Southeast Asian Nations, a 10-member bloc that includes some of the world’s most trade-dependent economies.
Six ASEAN members are among the 14 countries that could see duties on their exports to the U.S. skyrocket on Aug. 1.
Launching the Association of Southeast Asian Nations foreign ministers’ meeting, Anwar said the world is now witnessing an era where “power unsettles principle” and “tools once used to generate growth are now wielded to pressure, isolate and contain.”