AGN Evening Update | 10th April 2025 — Malaysia Prepares for US Tariff Talks, Trump Pauses Duties, South Korea’s Lee Jae-myung Launches Presidential Bid

In tonight’s top global developments:

Malaysia, according to MARC Ratings, is in a strong position to negotiate with the United States amid the recent pause on sweeping tariffs. With its leadership role as ASEAN Chair and membership in major trade agreements like CPTPP and RCEP, Malaysia is set to leverage its diplomatic and economic influence in upcoming trade discussions. MARC also noted that while Malaysia’s GDP could decline by up to one percentage point annually if tariffs resume, the country’s domestically driven economic base offers resilience.

On the international front, President Trump has temporarily suspended newly imposed reciprocal tariffs just 13 hours after they took effect, citing extreme market volatility and fears of a recession. The 90-day pause aims to give time for trade negotiations — but excludes China, which now faces an even steeper 125% tariff. Trump’s move follows Beijing’s retaliatory plan to impose an 84% duty on American imports. Markets reacted sharply, with the S&P 500 posting a 9.5% surge.

In Asia, South Korea is heading into a crucial presidential election as opposition leader Lee Jae-myung formally declares his candidacy. Following President Yoon’s impeachment, Lee pledges to reduce economic inequality, boost innovation, and maintain pragmatic international relations, particularly with the US and Japan. Polls currently show Lee as the front-runner, enjoying strong support from liberal voters.

📺 For full coverage on these developments, watch the complete AGN update now on YouTube.

Stay informed and connected with the world through Alps Global News.