{"id":38586,"date":"2025-09-26T07:57:07","date_gmt":"2025-09-26T07:57:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/38586\/"},"modified":"2025-09-26T07:57:07","modified_gmt":"2025-09-26T07:57:07","slug":"asean-hopes-to-sway-us-on-trade-tariffs-but-its-not-looking-promising","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/38586\/","title":{"rendered":"Asean hopes to sway US on trade tariffs but it\u2019s not looking promising"},"content":{"rendered":"

Efforts this week by Asean<\/a> nations to water down Washington\u2019s tariffs through talks with the US<\/a>\u2019 point man on trade appear to have failed, experts say. Instead, fresh threats were issued of levies unless lopsided trade deals favouring America can be quickly reached.During a two-day visit to Kuala Lumpur that began on Wednesday, US Trade Representative Jamieson Greer<\/a> made it clear that Washington would not budge on its goal of reclaiming control of key industries \u2013 including semiconductors, which are also vital to Malaysia<\/a>, Vietnam<\/a> and Thailand<\/a>.<\/p>\n

While he acknowledged that members of the Association of Southeast Asian Nations were key cogs in the global semiconductor supply chain, he said chips were \u201ccritical\u201d to US national security, signalling there would be no backtracking on reshoring the semiconductor manufacture to the US.<\/p>\n

Greer\u2019s big stick approach sets the tone for US President Donald Trump<\/a>\u2019s highly anticipated visit to Kuala Lumpur next month to attend the Asean Summit, experts say, where leaders of the region\u2019s export-led economies had hoped he would hear their pleas for freer access to the world\u2019s largest consumer market.<\/p>\n

The trade representative\u2019s position on semiconductors came just hours before Trump announced a 100 per cent tariff on imported pharmaceuticals effective from next Wednesday.<\/p>\n

\"SoutheastSoutheast Asian trade ministers chat at the 57th Asean Economic Ministers\u2019 Meeting in Kuala Lumpur on Tuesday. Photo: Reuters<\/p>\n

This could potentially blindside a bloc whose key members make generic drugs and ingredients for vaccines and patented drugs \u2013 and who also could face surging medical costs if forced to buy from the US.<\/p>\n","protected":false},"excerpt":{"rendered":"Efforts this week by Asean nations to water down Washington\u2019s tariffs through talks with the US\u2019 point man…\n","protected":false},"author":2,"featured_media":38587,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3760,31118,31395,31121,114,1657,54,184,85,46,31119,31077,12437,31394,7919,15020,4315,31393],"class_list":["post-38586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-america","tag-asean","tag-asean-summit","tag-association-of-southeast-asian-nations","tag-business","tag-china","tag-donald-trump","tag-economy","tag-il","tag-israel","tag-jamieson-greer","tag-kuala-lumpur","tag-malaysia","tag-pharmaceutical-exports","tag-semiconductors","tag-southeast-asia","tag-tariffs","tag-us-asean-trade-and-investment-framework-agreement-tifa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/38586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=38586"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/38586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/38587"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=38586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=38586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=38586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}