00:00The agreement on the US President Donald Trump's trade tariff plan will not greatly help reduce the impact on the ASEAN economy, which is based on exports, said Stephen Olsen, former US Trade Secretary.
00:17He said ASEAN now needs to take steps to avoid side effects in the US-China trade war.
00:24Olsen added that Malaysia, Indonesia and Vietnam are now enjoying trade advantages with the US as a result of increased exports from Chinese companies moving to these countries.
00:36The International Trade Summit said Trump saw these trade advantages as a sign that the US was losing in trade.
00:45He suggested that Malaysia, as the head of ASEAN, must conduct a closed diplomacy with US officials to remind them of the benefits of US trade and investment relations with this region.
01:00He said ASEAN must also give a real or symbolic signal to deal with Trump's concerns about trade.
