World Leaders Pursue Economic Trade Deals After Trump Leaves ASEAN Summit

At the 47th ASEAN Summit in Kuala Lumpur, President Donald Trump departed early after overseeing several key agreements including an expanded ceasefire between Cambodia and Thailand and four regional trade framework deals, none of which reduced the steep U.S. tariffs on Southeast Asian countries, though exemptions remain possible. Following Trump's exit, regional leaders from China, the European Union, Brazil, Canada, and ASEAN continued efforts to strengthen economic partnerships amid escalating U.S.-China trade tensions and a fragile global economy. Chinese Premier Li Qiang emphasized the need for free trade and opposition to protectionism, advocating for deeper regional economic integration through frameworks like the Regional Comprehensive Economic Partnership (RCEP). Despite the trade deals announced, significant uncertainties remain regarding U.S. tariff policies, particularly concerning semiconductors and transshipment tariffs, which could impact highly integrated supply chains in Southeast Asia. European and other global leaders urged China to ensure predictable supply chains and contribute to resolving geopolitical conflicts, highlighting the broader international stakes tied to these trade discussions. ASEAN and its partners reaffirmed their commitment to regional economic cooperation and sustainable development despite divergent interests amid ongoing U.S. protectionist policies.