PETALING JAYA: US reciprocal tariffs on Asean economies are losing their bite despite the risks being present as there have been favourable outcomes from the recent Asean summit that balances out the impact to trade.

CGS International (CGSI) Research said the agreements signed with Malaysia, Thailand, Vietnam and Cambodia might not be as severe as the markets fear because, as designated “aligned partners”, selected manufactured goods from these countries would receive extra exemptions from the US reciprocal tariffs even as US goods get preferential market access or tariff reductions.