#tariffs-and-sanctions

#tariffs-and-sanctions

As global trade tensions rise, ASEAN faces a challenge: how to benefit from the US and China without picking sides. It is the world's fifth-largest economy, with a combined gross domestic product of more than $3.6 trillion dollars. The Association of Southeast Asian Nations (ASEAN) brings together 11 states, representing nearly 700 million people. As a fast-growing hub for trade, manufacturing and supply chains, ASEAN is a vital partner for both China and the United States.