The 2025 US tariff regime has dramatically reshaped global trade dynamics, and placed ASEAN at the center of global trade realignment. While the US and China have agreed to sharply reduce most tariffs for 90 days starting May 14, this rapid policy reversal highlights just how volatile the trade and currency environment remains.

Companies must stay agile and adapt their hedging strategies to manage ongoing uncertainty, as further shifts in tariffs or trade relations could quickly impact costs, supply chains, and FX exposures.