Can Southeast Asia turn its economic weight into real power?
Summary
The Association of Southeast Asian Nations (ASEAN) is a key economic area with a significant global role. Concerns have arisen over the impact of President Trump's tariffs on some ASEAN members as the U.S. and China vie for influence in the region.Key Facts
- ASEAN is made up of 11 countries.
- The combined economy of ASEAN is over $3.6 trillion.
- ASEAN's population is nearly 700 million people.
- It is the fifth-largest economy in the world.
- ASEAN plays an important role in trade, manufacturing, and supply chains.
- President Trump imposed tariffs on some ASEAN countries.
- China is increasing its influence in the region.
- The U.S. has sanctioned Russian oil companies.
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