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UNITED STATES, AUG 10 – Most Southeast Asian countries face tariffs around 19-20% as part of a new US trade policy emphasizing reciprocal deals, with Laos and Myanmar initially hit harder before ceasefires reduced their rates.

Summary by Times of Malta
Last week, US President Donald Trump issued an executive order updating the “reciprocal” tariff rates that had been paused since April.Nearly all US trading partners are now staring down tariffs of between 10% and 50%.After a range of baseline and sector-specific tariffs came into effect earlier this year, many economists had predicted economic chaos. So...

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South China Morning Post broke the news in Hong Kong on Sunday, August 10, 2025.
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