Trade-Data
Malaysia as this year’s ASEAN Chair plans to hold a meeting with ASEAN member countries, aiming to reach an agreement on the reciprocity against tariffs policy announced by U.S. President Donald J. Trump.
Malaysian Prime Minister Datuk Seri Anwar Ibrahim said that he had contacted several ASEAN leaders, such as Indonesian President Prabowo Subianto and Prime Minister of Thailand Paetongtarn Shinawatra.
Anwar also plans to discuss with President of the Philippines Ferdinand Marcos Jr. and Prime Minister of Singapore Lawrence Wong to discuss the issue of Trump's trade tariffs.
"We are indeed affected, even though the tariffs are high, they are still lower compared to several neighboring countries. Therefore, we decided to consult with our colleagues (ASEAN countries)," Anwar said as quoted by Bernama, on Friday, April 4, 2025.
On the other hand, Prabowo had also spoken with leaders of Singapore, the Philippines and Brunei via telephone regarding efforts to deal with Trump's tariff policy.
The Indonesian Ministry of Foreign Affairs has hinted that Indonesia is preparing various measures to respond to the new U.S. policy.
The Indonesian government said in an official statement that the U.S. reciprocal tariffs will have a significant impact on the competitiveness of Indonesia's main exports in the U.S. market, namely textiles and textile products, footwear, electronics, palm oil, rubber, furniture and marine fishery products.
"Indonesia has communicated with Malaysia as the ASEAN Chair to take joint measures considering that all 10 ASEAN countries are affected by the imposition of U.S. tariffs," said the official statement of the Indonesian Ministry of Foreign Affairs on Friday, April 4, 2025.
Previously, Trump imposed reciprocal tariffs on ASEAN countries with different amounts. The U.S. reciprocal tariff for Indonesia is 32 percent, Malaysia 24 percent, Vietnam 46 percent, Cambodia 49 percent, Singapore 10 percent, the Philippines 17 percent, Thailand 36 percent, Laos 48 percent, Brunei 24 percent and Timor Leste 10 percent.
The Ministry of Foreign Affairs stated that Indonesia will continue to communicate with the U.S. Government to negotiate this tariff.
"Indonesia will send a high-level delegation to Washington DC to conduct direct negotiations with the U.S. government," said the Indonesian Ministry of Foreign Affairs.
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