ASEAN's Response to Global Economic Disorder
ASEAN has demonstrated its commitment to multilateral solutions and an open, rules-based order in the face of rising protectionism and threats to global prosperity and security.
Malaysia and ASEAN's leadership in this regard 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 to this approach, including the Agreement on Reciprocal Tariffs that US President Donald Trump has pressured Malaysia to sign, which could undermine cooperation and the most favoured nation treatment that underpins 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.
ASEAN's leadership has been a masterclass in responding to the threat of global economic disorder, and few countries could lead a coalition to hold the line against protectionist retaliation.
Author's summary: ASEAN leads response to global economic disorder with commitment to multilateral solutions.
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