‘Oh look, there’s Cambodia!’: How Trump’s tariffs will hit Asia

‘Oh look, there’s Cambodia!’: How Trump’s tariffs will hit Asia

Donald Trump's new tariffs are a blow for nations that have powered their economic growth by opening large markets in the US for manufactured goods.

From Tokyo to Phnom Penh, the White House's announcement of an all-out increase in tariffs, which aims to put pressure on China's economy, is very badly received by Washington's partners. Australia, which is only affected by the 10% floor rate, also denounced the measure.

Among the tariffs announced last night by the United States, the highest ever is that of 49%, which will affect imports from Cambodia. Phnom Penh fears serious consequences for its growth and employment. According to various observers, the real objective of the Trump administration would be to indirectly hit China, which would have exploited the production network in Southeast Asia mainly for textiles, but the effect will probably be the opposit…

Cambodia commerce ministry says US tariffs 'not reasonable'

Harsh new trade tariffs imposed on Cambodia by US President Donald Trump are “not reasonable”, the Southeast Asian country’s commerce ministry said Thursday. Cambodia was among the nations hardest hit by Trump’s swingeing “Liberation Day” tariffs, singled out for a 49 percent levy. Trump’s latest salvos — against friends and foes alike — rattled stock markets and alarmed governments around the world. Penn Sovicheat, a Cambodian commerce ministry…

US Tariffs - Cambodia’s Path To Resilience - Cambodia Investment Review

David VanWhen President Donald Trump announced a staggering 49% tariff on all Cambodian exports to the U.S. in the early hours of April 3 in Asia, the world’s eyes flickered briefly toward this small Southeast Asian nation. The justification? A blistering accusation that Cambodia imposes “97% trade barriers” against American goods. On the surface, it sounded like a David-and-Goliath tale of unfair trade practices. But dig deeper, and the story u…

(Phnom Penh): Cham Nimman, Minister of Commerce of Cambodia, stated that the tariffs that Cambodia imposes on American goods are only 29.