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
Add BT as a preferred source
[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.
TRENDING NOW
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell?
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
