Southeast Asian domestic markets are about to be hit by a tsunami of cheap Chinese goods, unable to enter the United States if US President Donald Trump follows through on his promise of 60 per cent tariffs on all Chinese imports.
Cambodia’s exports to the European Union and to the United Kingdom jumped more than 20 percent each last year, according to the latest government data.
The Indonesian government will limit the import of cassava and tapioca into the country to support domestic farmers.
China’s consul-general in Kuching also revealed that Malaysia welcomed over 3.8 million Chinese visitors last year – double that of 2023
Commerce Minister Pichai Naripthaphan will fly to the US on Monday (February 3) to negotiate on the import tariff hike on Thai products.
Korea will make efforts to expand economic exchanges and cooperation with Southeast Asian countries to address anticipated changes in the global trade environment, the industry ministry said Thursday, after the new U.S. administration signaled plans to implement protectionist measures.
Malaysia's exports are expected to continue growing in the coming months as external demand picks up ahead of potential US tariffs that will disrupt global trade, economists said.
The Indonesian government is optimistic that its exports to the United States (US) will continue to show a surplus during Donald Trump's second term as president.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
