the sun malaysia ipaper logo 150x150
Friday, July 24, 2026
26.4 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

ASEAN rejects any form of unilaterally imposed tariffs – Anwar

BANGKOK: Prime Minister Datuk Seri Anwar Ibrahim today reaffirmed that ASEAN rejects any form of unilaterally imposed tariffs, stating that such measures contradict the spirit of multilateralism.

Anwar, who is on a two-day working visit to Thailand, said he had the opportunity to discuss the matter with his Thai counterpart, Paetongtarn Shinawatra, regarding the new tariffs imposed by United States (US) President Donald Trump.

He noted that the meetings of ASEAN Trade Ministers and Finance Ministers were partly aimed at preparing for the ongoing negotiations related to the unilateral tariffs imposed by the US.

“We have built an ASEAN consensus. ASEAN supports free trade and multilateralism. We take the position that we do not agree with any unilateral imposition of tariffs, as it runs contrary to the principles of multilateral arrangements,“ he told a press conference at the conclusion of his working visit to Thailand here today.

Anwar emphasised that this stance reflects the collective consensus of ASEAN regarding the US-imposed tariffs.

Meanwhile, the Prime Minister expressed satisfaction with the alignment of views among ASEAN and key regional partners, including Japan and New Zealand.

Anwar said he is pleased that the Prime Minister of Japan Shigeru Ishiba, Prime Minister of New Zealand Christopher Luxon, and ASEAN leaders collectively agree on the need to utilise multilateral mechanisms and engage in dialogue with the United States.

It was reported that both ASEAN and Malaysia have made it clear they will not adopt retaliatory measures in response to the tariffs.

On April 3, the Trump administration implemented a minimum 10 per cent tariff on imports from all countries under its Reciprocal Trade and Tariffs Policy.

ASEAN’s Indochina member states were the most affected by the tariffs, with Cambodia facing combined baseline and retaliatory duties totalling 49 per cent, followed by Laos (48 per cent), Vietnam (46 per cent), and Myanmar (44 per cent). Thailand was subject to tariffs of 36 per cent, Indonesia 32 per cent, Brunei and Malaysia 24 per cent each, the Philippines 17 per cent, while Singapore faced a baseline tariff of 10 per cent.

The reciprocal tariffs are currently on a 90-day suspension, with the exception of those applied to China.

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

RZOLV and Alkemio Bioscience forge strategic collaboration to advance rare earth and critical minerals...

RZOLV Technologies has signed a non-binding letter of intent with Argentina-based Alkemio Bioscience to jointly develop an integrated modular platform for recovering, separating and refining rare earth elements and critical minerals, paving the way for pilot-scale validation and commercial deployment.

“Across the Table” – Iconic chefs come together for luxury dining series at The...

The Naka Island, Phuket, will host the "Luxury Dining Series: Across the Table" from 12–15 August 2026, featuring Michelin-starred chefs, renowned mixologists and immersive culinary experiences that celebrate fine dining, Thai hospitality and the island's rich culture.

Shopee strengthens support for Malaysian businesses with new growth initiatives

Shopee Malaysia has introduced new seller growth initiatives under Shopee Lindung Niaga, including fee waivers, reduced commission rates, free advertising credits and fulfilment incentives to help local MSMEs start, scale and grow sustainably.

Watsons unveils “Watsons Evergreen” with Pantone to celebrate 185 years of trusted care and...

Watsons has launched "Watsons Evergreen" in collaboration with the Pantone Color Institute to celebrate its 185th anniversary, introducing a signature colour that represents trusted care, everyday vitality and the brand's enduring connection with customers across global markets.

STAMPEDE creates 11,000 free business pages to bring Singapore’s AI push to local F&B...

STAMPEDE has launched 11,000 free business pages to help Singapore F&B operators adopt AI-powered loyalty programmes, enabling hawkers, cafés and restaurants to improve customer retention, referrals and repeat visits without complex technology or additional hardware.

Alylytiq launches AI-powered research solutions to make big-brand insights affordable for Singapore SMEs

Market research consultancy Alylytiq LLP today announced the launch of Automytiq, a suite of AI-powered research solutions designed to make professional-grade market insights accessible to Singapore's small and medium-sized enterprises.

Thailand secures $43.6bn 1H 2026 investment surge as big tech accelerates Southeast Asia AI...

Thailand recorded US$43.6 billion in investment applications during the first half of 2026, led by AI data centres, digital infrastructure and renewable energy projects, strengthening its position as a key Southeast Asian hub for technology, manufacturing and foreign direct investment.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings