Trump departs ASEAN with lingering questions for Southeast Asia’s trade

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US President Donald Trump attended the 47th Summit of ASEAN in Kuala Lumpur, Malaysia, on October 27, 2025, where he oversaw a ceasefire agreement between Thailand and Cambodia. On the sidelines, Trump met with ASEAN leaders to discuss US tariff rates ranging from 10 percent for Singapore to 40 percent for Myanmar and Laos. The White House announced reciprocal trade deals with Malaysia and Cambodia and framework agreements with Thailand and Vietnam. However, none of these deals addressed potential tariffs on semiconductors or transshipments, leaving significant questions about future trade policies unresolved.
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