Direct cash or voucher disbursements and employment support could cushion the impact.
Prime Minister Hun Manet yesterday reaffirmed Cambodia’s readiness to engage in a constructive dialogue over the tariffs imposed by the United States and clarify misconceptions about the country’s trade policies.
Trade department flags 49 product categories to prevent origin misrepresentation after Trump's 36% levy
It has the highest direct exposure to US demand amongst all Asian economies studied
The newly imposed 24% tariff by the US on Malaysia may initially disrupt export flows, but the country has a competitive edge over major palm oil producers, according to the Malaysian Palm Oil Board (MPOB).
Thailand's high-value products exported to the US would be impacted by the reciprocal tariff, causing 880 billion baht in damage to Thailand, the Commerce Ministry said on Friday.
The US announcement of reciprocal tariffs has sent shockwaves through the global market, with Thailand's GDP growth potentially falling below 2% this year.
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
