US EditionWhy are Trump’s tariffs in Southeast Asia highest among Indochina countries?
- President Trump announced new tariffs on April 2, impacting Southeast Asian nations, particularly those with trade surpluses.
- The tariffs are based on a formula involving trade deficits and exports to the United States, with a 10% floor.
- Indochina countries like Cambodia, Vietnam, and Laos face tariffs exceeding 44%, while others have lower rates.
- Leif Schneider stated, a 46% tariff would challenge Vietnam's growth model, attracting multinational companies.
- ASEAN members consider trade partnerships beyond the U.S., and individual nations plan negotiations to mitigate the impact.
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A look at which Asian countries have been hit particularly hard by Trump's tariffs
Several Asian nations reeled on Thursday as they were hit with some of U.S. President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment after Trump imposed levies on China during his first term.
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Total News Sources14
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
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C 40%
R 30%
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