Tariff tracker: Clock’s up and where Asean countries landed
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[SINGAPORE, JAKARTA, KUALA LUMPUR, HO CHI MINH] After much blood and sweat by South-east Asian policymakers in their talks with Washington to soften the sharp blow of US President Donald Trump’s steep tariff hikes on their economies, the new rates took effect on Aug 7.
The “reciprocal tariffs” were announced just ahead of the Aug 1 deadline following several months of intense, high-level political negotiations. The shockingly steep tariffs were first released on so-called ‘Liberation Day’ in April and had rocked global financial markets.
In this high-stakes tariff tango, The Business Times infographic breaks down where each country stands, what’s been achieved, what’s been conceded – and a timeline of what must have been gruelling talks.
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