US Withdraws from IMO Talks, Threatens Tariffs

The Trump administration has decided to withdraw from decarbonization negotiations at the IMO’s Marine Environment Protection Committee, threatening reciprocal measures against any fees imposed on U.S. vessels based on greenhouse gas emissions. Meanwhile, President Trump has announced a sweeping set of tariffs affecting over 180 countries, raising concerns among analysts about potential risks to global economic stability and trade dynamics. ASEAN nations, particularly affected by these tariffs, are contemplating regional integration and diversification strategies, with Malaysian Prime Minister Anwar Ibrahim advocating for a united front. The International Chamber of Commerce has called for dialogue to mitigate the effects of the U.S. tariff measures, emphasizing that retaliation could lead to a lose-lose situation for all involved. Analysts warn that the tariffs could exacerbate economic challenges for emerging economies already facing adverse conditions. As countries navigate these developments, the focus remains on strategic responses to minimize economic fallout.