Close Menu
    Trending
    • Fix This First to Make Every Ad Dollar Count
    • What is the UK’s sewage scandal?
    • Struggling DNA testing firm 23andMe to be bought for $256m
    • Comey – 8647 | Armstrong Economics
    • COVER-UP: Urologist Says Joe Biden Likely Knew He Had Prostate Cancer Going Back 5-10 Years (VIDEO) | The Gateway Pundit
    • WHO chief urges countries to adopt pandemic agreement
    • Cheer up, people of Gaza! You’ll get killed on a full stomach | Israel-Palestine conflict
    • The ‘NFL quarterbacks with the most career rushing yards’ quiz
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Trending News»Commentary: ASEAN isn’t retaliating on US tariffs. That doesn’t mean it’s not responding
    Trending News

    Commentary: ASEAN isn’t retaliating on US tariffs. That doesn’t mean it’s not responding

    The Daily FuseBy The Daily FuseApril 11, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Commentary: ASEAN isn’t retaliating on US tariffs. That doesn’t mean it’s not responding
    Share
    Facebook Twitter LinkedIn Pinterest Email


    PRAGMATISM TAKES PRECEDENCE

    Tellingly, many fear that ASEAN dangers turning into an “enviornment of main energy competitors” and its members might develop into “main energy proxies”. The reciprocal tariffs began as a trade war between the US and China, however then rapidly affected others that merely met the “commerce deficit” narrative, particularly rising economies like ASEAN.

    Because of the extremely aggressive tariffs – a common baseline of 10 per cent for all together with commerce surplus international locations like Singapore, and extra charges somewhat-proportional to the commerce imbalances – analysts have put recession dangers above 60 per cent. Many economists are anticipating increased inflation, unemployment and inequality as add-ons.

    Unsurprisingly, the reciprocal tariffs will possible heighten Southeast Asia’s mistrust within the US, doubtlessly opening room for different main powers to exchange. Even earlier than Liberation Day, 46.9 per cent of the ISEAS survey respondents recognized “new US management” (ie, Mr Trump) as a chief geopolitical concern, up from 18.8 per cent in 2024, which cited the “2024 US presidential elections” as a priority.

    Within the final two years, Southeast Asians have shifted forwards and backwards between the US and China referring to strategic alignment and confidence in them on international free commerce.

    Most Southeast Asians aligned with China in 2024, however this was changed by the US this yr (52.3 per cent vs China’s 47.7 per cent). Southeast Asians had essentially the most confidence within the US on the worldwide free commerce agenda in 2024, however this shifted to China in 2025 (20.6 per cent vs US’ 19 per cent).

    What this reveals is that Southeast Asia has develop into extra versatile through which main energy they like, pushed by pragmatism than loyalty.

    Apparently, Indonesia, Malaysia, and Singapore had been the one ASEAN international locations the place mistrust for the US exceeded belief. These three international locations additionally occur to have the very best perceived contribution to ASEAN, doubtlessly guiding an ASEAN consensus.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    WHO chief urges countries to adopt pandemic agreement

    May 19, 2025

    Israel kills 20 Palestinians in airstrikes after agreeing to let some aid into Gaza

    May 19, 2025

    Britain poised to reset trade and defence ties with EU

    May 19, 2025

    $TRUMP dinner blurs lines between profit and politics

    May 19, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Children routinely using social media, Australian regulator says

    February 20, 2025

    Greg Gutfeld on the Joe Biden Mental Decline Scandal: ‘This Makes Watergate Look Like a Parking Ticket’ (VIDEO) | The Gateway Pundit

    May 17, 2025

    Jennifer Lopez Reportedly ‘Furious’ Over Pics Of Ben Affleck And Jennifer Garner

    March 7, 2025

    Justice Dept. Lawyers Say US Wants to Break Up Google’s Ad Technology

    May 2, 2025

    Assessing Jimmy Butler’s impact on surging Warriors

    March 20, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.