ASEAN Trade Tariffs: US Resistance Concerns Grow
- * Asean efforts to negotiate lower US tariffs have failed.
Here are the relevant facts from the provided text:
* Asean efforts to negotiate lower US tariffs have failed. Experts believe attempts by Asean nations to reduce US tariffs through talks with the US trade Representative were unsuccessful.
* The US is threatening new tariffs. The US issued fresh threats of levies unless trade deals are quickly reached that favor America.
* US focus on reshoring key industries: The US, under Jamieson Greer (US Trade Representative), is resolute to reclaim control of key industries, particularly semiconductors.
* Semiconductors are a priority for US national security. The US views semiconductors as “critical” to its national security and will not reverse its efforts to bring semiconductor manufacturing back to the US.
* Asean nations are key in the semiconductor supply chain: Asean members (Malaysia,Vietnam,and Thailand specifically mentioned) are significant parts of the global semiconductor supply chain.
* Greer took a firm stance: Jamieson Greer adopted a “big stick approach” during a visit to Kuala Lumpur, signaling a lack of flexibility on the US position.