Cambodia has continued to experience a strong growth of its exports in the first quarter of this year amid global trade barrier escalation and slower growth in major trading partners.
Cambodia has continued to experience a strong growth of its exports in the first quarter of this year amid global trade barrier escalation and slower growth in major trading partners.
Malaysia, as the Asean chair this year, will prioritise the importance of deepening regional economic ties following the announcement of sweeping US tariffs on the bloc’s member nations as well as leading them in engaging Washington in talks to potentially reduce retaliatory tariffs on imports into America.
The most immediate impact of Trump’s tariffs will be inflation, both in the US and worldwide. As import costs rise, businesses will pass these costs onto consumers, driving up prices, said Professor Phar Kim Beng of ASEAN Studies at the International Islamic University of Malaysia (IIUM).
Southeast Asian nations reeled on Thursday as they were hit with some of President Donald Trump's heftiest tariffs, which now threaten the economies that have benefited from investment since he imposed levies on China during his first term.
Malaysia’s economic growth prospects are now under threat from US tariffs and escalating trade tensions between the world’s largest economy and its trading partners.
Thailand’s exports could be at risk due to the trade policies of the Trump administration, the Trade Policy and Strategy Office (TPSO) has warned.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
