Leaders from Southeast Asian nations are meeting for a two-day summit on Monday, as they seek to strengthen their economic ties with China and Gulf countries amid rising tensions over US tariffs. The talks come after US President Donald Trump increased tariffs on Chinese goods in recent weeks, sparking concerns about the impact on global trade. The summit aims to address these issues and find ways to reduce reliance on single suppliers while promoting regional cooperation and stability.
Source: https://www.bloomberg.com/news/articles/2025-05-25/us-tariffs-loom-over-asia-summit-as-ties-with-china-strengthen