ASEAN Leads Response to Global Economic Disorder
ASEAN's commitment to multilateral solutions and an open rules-based order shows how the world should respond to the tariff disorder.
Malaysia and ASEAN's leadership in response to rising protectionism and the threat to ASEAN and global prosperity and security has been notable, as seen in the convening of a Leaders' Meeting for the Regional Comprehensive Economic Partnership (RCEP) on 27 October 2025.
However, there are risks, such as the Agreement on Reciprocal Tariffs that US President Donald Trump has pressured Malaysia to sign, which will undermine cooperation and the most favoured nation treatment that is the fundamental basis for ASEAN and the rules-based economic order.
Trump's 2 April 2025 'Liberation Day' tariffs disproportionately punish ASEAN members and cast a dark shadow on the global economy.
Very few countries could lead a coalition of the willing to hold the line on joining the wave of protectionist retaliation.
Author's summary: ASEAN leads the response to global economic disorder with multilateral solutions.
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