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Vietnam Triumphs as ASEAN Faces Rising U.S. Tariffs

7/9/2025

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Summary

Story summary

Southeast Asian nations like Indonesia, Thailand, and Malaysia are grappling with looming U.S. tariffs of up to 40% starting August 1. President Trump’s trade policies have sparked uncertainty, forcing countries to negotiate separately and weakening ASEAN's unity. Meanwhile, Vietnam emerged victorious, striking a deal that slashes its tariffs to 20%.

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Story summary

Southeast Asian nations like Indonesia, Thailand, and Malaysia are grappling with looming U.S. tariffs of up to 40% starting August 1. President Trump’s trade policies have sparked uncertainty, forcing countries to negotiate separately and weakening ASEAN's unity. Meanwhile, Vietnam emerged victorious, striking a deal that slashes its tariffs to 20%.