Tariff blitz hits Thailand, Cambodia with FDI, GDP at risk
Dark clouds loom over South-east Asia’s export-reliant economies as US duties dim growth prospects and shake investor confidence
[BANGKOK/SINGAPORE] Washington’s latest round of tariffs have jolted South-east Asia, with Thailand and Cambodia potentially bearing some of the heaviest blows.
Unless US President Donald Trump’s administration backpedals on the reciprocal tariffs – or fresh negotiations bear fruit – the aftermath could cut deep, with analysts expecting Thailand’s gross domestic product growth to be shaved by as much as 1.2 percentage points, and that of Cambodia, up to 0.8 percentage point.
Thailand: Things could get “dirty”
Trump on Wednesday (Apr 2) slapped a steep 36 per cent tariff on Thai goods – more than double what analysts had expected and a move that they warn could lop 1.2 percentage points off GDP growth this year.
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