Philippine President Ferdinand Marcos Jr will meet U.S. President Donald Trump in Washington this month, Manila's top diplomat said on Friday, with an increased trade tariff on one of Washington's top defence allies set to be discussed.
The reciprocal tariff on all Cambodian goods by the US was revised down to 36 percent, from an initial 49 percent, effective August 1, according to an official letter from US President Donald Trump to Prime Minister Hun Manet on July 7.
Malaysia could face a tariff rate of around 15% under a potential trade deal with the United States, according to MIDF Amanah Investment Bank, which expects both countries to likely to reach an agreement ahead of Washington’s Aug 1 deadline.
MITI said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90%, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices.
The United States has lowered its reciprocal tariff on Lao imports from 48 percent to 40 percent, following President Donald Trump’s latest round of tariff letters to 14 countries.
The United States has announced new tariffs for over half of the member states of the Association of Southeast Asian Nations, China's largest trading partners, which analysts said is a calculated escalation of Washington's efforts to reconfigure global supply chains away from Beijing.
Vietnam will soon sign an agreement with Indonesia to boost long-term rice shipments, the Vietnamese government said on Tuesday in a statement, after exports plunged in the first half of the year.
Chief Economic Minister Airlangga Hartarto said on Tuesday that US President Donald Trump’s decision to maintain a steep 32 percent tariff on Indonesian exports came as a surprise to Jakarta, despite extensive efforts by the Indonesian government to ease trade tensions.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
