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Tariff

ASEAN faces a tighter middle-income trap

Terry Felix​​   Wednesday 10 September 2025​   4mn Read

ASEAN economies, having just recovered from the COVID-19 recession, now face rising geopolitical risks and uncertainties around US tariff policies.

Asia’s response to a leaderless trading system

Terry Felix​​   Wednesday 3 September 2025​   4mn Read

Policy uncertainty reshapes trade slowly and then suddenly. The investments that build trade relationships are long-term choices. Supply contracts are