Myanmar’s military government said it remains upbeat on reaching a deal with the US to see a decrease in Trump’s new tariffs of 40% on goods from the Southeast Asian country.
An economist is urging the government to adopt a three-phase strategy to cushion the impact of the newly-imposed 19% US tariff, warning that while the immediate effect may not be catastrophic, the move exposes deeper structural vulnerabilities.
They are increasingly cautious in their outlook as business confidence has fallen to a record low amid concerns over US import tariffs, with the waning sentiment risks holding back investment.
The Viet Nam – Singapore Sustainable Trade and Innovation Forum (STIF Viet Nam - Singapore) took place on August 1 at the Singapore Manufacturing Federation (SMF) headquarters, marking a new step in digital economic and green transition between the two countries
The new 19 percent import duty allows Cambodian products to compete fairly with regional countries, and attract more foreign direct investment, helping the Kingdom advance its economic growth ambitions, says Sun Chanthol, Deputy Prime Minister.
It’s become a familiar strategy in Southeast Asia. Companies from China, coveting the American market but blocked by tariffs, do an end run.
The Thai government is partnering with the private sector to support fruit growers, particularly longan farmers, amid oversupply, falling prices, and a concentration of production in limited regions.
While the imposition of a lower US reciprocal tariff is good news for corporate Malaysia, economists say the country needs to focus on other vital areas instead of relying solely on strong domestic demand to drive the economy.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
