Officials in Southeast Asia are prepared to tackle volatility in exchange rates and capital flows as a result of US tariffs, according to a joint statement. Finance ministers and central bank governors representing the Association of Southeast Asian Nations in Kuala Lumpur said that while the region was likely to remain resilient,

Southeast Asian nations reeled on Thursday as they were hit with some of President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment since he imposed levies on China during his first term.

China trade war – punished by US tariffs while being flooded with Chinese goods. They will need to band together to preserve their impressive economies.