Relief in Southeast Asia as Trump’s tariffs level field
Southeastern Asian countries are breathing a relief, which is much lower than threatened in the US exports, which is much lower than threatened in the US exports and levels the playground by about 19 percent in the region’s largest economies.
US President Donald Trump’s global tariffs attack shook Southeast Asia in many areas, which are largely dependent on export and production and strengthened by supply chain shifts from China.
Thailand, Malaysia and Cambodia joined Indonesia and the Philippines with a 19 percent US tariff one month after applying 20 percent tax on Washington’s regional production plant to Vietnam.
Southeast Asia – economies are worth $ 3.8 trillion (A5.9 trillion $) collectively – competed to compromise and make agreements with the United States, the best export market for most of the region.
The Malaysian Ministry of Commerce said that it was a positive result without compromising what is called “red line” elements.
Thai Finance Minister, 36 percent to 19 percent decline in the country’s struggle economy will help to face global challenges, he said.
Pichai Chunhavajira said on Friday, “Thailand helps protect the competitiveness of the competitiveness on a global stage, increases the trust of the investor and opens the door of economic growth, increasing income and new opportunities.” He said.
The scope of progress in bilateral trade agreements with the US was not immediately clear, Washington has so far reached its broad “framework agreements ve and more negotiating with Indonesia and Vietnam.
Pichai said Thailand was about one -third of the road.
The United States of the United States reduced the tariff rate for Cambodia on Friday to 19 percent from previous intervals of 36 percent and 49 percent, which is a major support for the important garment sector.
“If the US continued 49 percent or 36 percent, this industry would collapse,” he said.
In Thailand and Malaysia, business groups applauded a tariff rate that could indicate the protection of the status quo between the competitor markets.
The Trump administration is a measure aiming at the goods arising from China, which will be applied by the Trump administration for non -tariff barriers, origin rules and escaping tasks, which will be applied to 40 percent tariffs, which is continuing to create for the escaping tasks.
Vietnam has one of the largest trade surpluses in the world with the United States, value of more than $ 120 billion in 2024 and was generally chosen as a center for the illegal re -guiding Chinese goods to America.
In July, he reached an agreement that threatened a tax from 46 percent to 20 percent, but concerns that some enterprises may lead to a 40 percent wider application of heavy confidence against raw materials and components imported from China.
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