Southeast Asian leaders will express deep concern over U.S. President Donald Trump's tariff blitz when they meet at a summit Monday, warning that the unilateral move posed huge challenges to economic growth and stability in the region, according to a draft statement.
Trump's tariffs have roiled global markets and upended international commerce, and left leaders from the 10-member Association of Southeast Asian Nations (ASEAN) bloc scrambling for ways to limit the fallout on their trade-dependent economies.
The bloc is also caught between the trade battle between their biggest trading partners, the United States and China, on which Washington has heaped the highest tariffs.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.