The escalating global trade tension underscores a need to bolster intra-Asean food trade to safeguard against potential disruptions in the regional food supply chain, according to a Malaysian Institute of Economic Research (MIER) expert.
The Indonesian government is continuing negotiations with the United States to lower import tariffs on several strategic commodities to below 19 percent or eliminate them entirely.
When Thailand’s top trade strategist admitted this week that Bangkok “couldn’t match” Vietnam’s zero-tariff proposals to the United States, the alarm bells should have echoed in Putrajaya too.
Imports rose 13.1% in June, also lower than projection.
Brazilian President Luiz Inácio Lula da Silva said Thursday that his government has not been successful in trying to negotiate the 50% tariff on Brazilian imports that U.S. President Donald Trump has threatened to impose.
U.S. President Donald Trump's plan to impose a new 50% tariff on all Brazilian products from Aug. 1 could devastate the South American nation's citrus belt, as factories scale back production and orange farmers consider leaving fruit to rot amid a sharp drop in prices.
In addition to white rice, Vietnam has two other categories with high export values to the Singaporean market: milled fragrant rice and glutinous rice.
After President Ferdinand Marcos Jr.’s first-ever meeting with US President Donald Trump, Washington’s tariffs on Philippine goods have seemingly settled at 19%—slightly lower than the previous round but still higher than the original rate.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
