U.S. President Donald Trump's reciprocal tariffs significantly impacted Southeast Asian nations, with Vietnam facing the highest rate (46%), followed by Thailand (37%), Indonesia (32%), Malaysia (24%), and Singapore (10%).
The article highlights the limited options available to these countries in responding to these tariffs. A shift away from exporting to the U.S. could potentially benefit China, creating a complex geopolitical dynamic.
TOKYO -- As Southeast Asian countries scramble to find ways to respond to U.S. President Donald Trump's reciprocal tariffs, each country finds itself with few good options, while a shift away from exporting to the U.S. could play into China's hand.
On Wednesday, Trump announced a baseline tariff of 10% on all imports, with some countries hit with even higher reciprocal duties. Vietnam was slapped with the highest rate among major Southeast Asian economies at 46%, followed by Thailand at 37%, Indonesia at 32% and Malaysia at 24%. The lowest was Singapore with 10%.
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