US to seal Asian trade deals ‘in coming months’
US Trade Representative Jamieson Greer says the US expects the US expects to conclude trade agreements with further Southeast Asian countries in the coming months.
In the midst of the concerns in the block that relied on the impact of US tariffs on the economies of US tariffs, Kuala Lumpur was talking to Economic Ministers from the 10 -member Southeastern Asian Nations Union.
Tariff rates were determined as 19 percent and 20 percent for most of the region.
Laos and Myanmar hit 40 percent, while Singapore has a 10 percent tariff.
Greer said that negotiations on taxes with concerned countries are going well and some agreements will be announced, while others would be concluded for some “in the coming months, even weeks”.
Although the United States, countries, said that they are still finalized the conditions, said that they have reached agreements with Indonesia and Vietnam on tariffs.
Vietnam, the world’s sixth largest exporter to the United States, faces the risk of losing $ 25 billion ($ 38 billion) annually due to the 20 percent tariff on its property, according to estimates published by the United Nations Development Program.
In a joint statement dated on Tuesday, ASEAN economic ministers said that the “negative impact and uncertainty” caused by the tariff view, and in the second half of 2025, on the slower regional trade performance, warned because of the pre -exports before the implementation of tariffs in previous sections.
The ministers also expressed their concerns about increasing protectionism and unilateral trade measures, which they call “to create important risks for the stability of the multilateral trade system and global supply chains.”
Greer said in his words that the United States welcomed trade with ASEAN, but should be “balanced and mutual”.
“We believe that there are many areas where our interests are aligned, and we can work together to achieve the common goals of reciprocity and balance to the global trade system.”
Wednesday marked his first meeting with ASEAN BLOC, who had separate talks with the United States on tariffs.
However, more upright sectors on sectors such as grouping, semiconductors can be directed to a more unified position that makes an important contribution to economies such as Thailand, Malaysia and Vietnam.
US President Donald Trump said he would establish a tariff of approximately 100 percent for semiconductors in August, but would not be valid for companies that produce or undertake it in the United States.
