Economist warns new tariffs under Trump could shrink Thai economy by up to 0.5% while hitting baht
A delegation of 13 Philippine companies and senior officials will arrive in Jordan on Sunday as part of a business, trade, and investment mission aimed at deepening economic cooperation between the two nations.
President Donald Trump policies on imposing high import tariffs on China and other countries such as Canada and Mexico will give benefits for Indonesia, an expert said.
The US government's decision to impose punitive tariffs on major trading partners will impact Southeast Asia, and the region's export-dependent economy could face long-term repercussions, analysts said.
In terms of product type, latex rubber dominated exports to Malaysia, making up 76.5 per cent of the total rubber exports to this market in 2024.
Despite ongoing global trade tensions and tariff disputes, China reaffirmed its position as Cambodia’s leading Foreign Direct Investment (FDI) by channelling nearly $550 million into the Kingdom’s industrial sector in January.
Singapore is not expected to be hit by trade tariffs from the United States, but still stands to be indirectly impacted as it is a small and open economy, said Foreign Minister Vivian Balakrishnan.
Thailand remains the top regional dairy exporter, driven by strong demand from key markets, including Malaysia, Vietnam, Indonesia, Singapore, the Philippines, and Myanmar.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
