Thai Times

Covering the Thai Renaissance
Friday, May 16, 2025

South East Asia Shudders as Trump Tariffs Cause Economic Disturbance

South East Asia Shudders as Trump Tariffs Cause Economic Disturbance

Vietnam, Cambodia, and neighboring countries are confronting severe taxes as their export-oriented growth strategies are challenged.
President Donald Trump’s global tariff strategy has struck hard in Southeast Asia, where some of the highest trade penalties in the world—reaching as much as 49 percent—are jeopardizing economies that heavily depend on US exports. Vietnam and Cambodia are the most affected, followed by Thailand, Indonesia, and Malaysia, with experts warning that this situation could undermine decades of regional development.

Exports to the US represent nearly a quarter of Vietnam’s GDP and an astounding 67 percent of Cambodia’s economy. Both countries are now racing to safeguard vital sectors, as Vietnam sends high-ranking officials to Washington and Cambodia issues warnings about significant job losses in its garment industry, which serves as an essential social safety net. At the same time, Thailand, already grappling with slow growth, finds itself facing additional pressure.

Trump's administration maintains that the tariffs are essential for rectifying trade imbalances and stopping Chinese trans-shipments, dismissing proposals from Vietnam and other nations to lower or eliminate tariffs on US goods. While China responds with its own measures, Southeast Asian countries are choosing to engage in negotiations. However, with Washington reluctant to make concessions, the region’s economic stability—and political balance—is at risk.
Newsletter

Related Articles

Surge in Visa-Free Entries Boosts International Tourism to Shenzhen
0:00
0:00
Open
Surge in Visa-Free Entries Boosts International Tourism to Shenzhen
0:00
0:00
Close
Surge in Visa-Free Entries Boosts International Tourism to Shenzhen
Shocking Footage Released: Diddy Caught Dragging Cassie in Brutal Hotel Hallway Assault
This Kenyan reporter trying to keep a straight face
Starlink Now Profitable: SpaceX Hits Major Milestone with $11.8 Billion in Revenue
This restaurant in Thailand offers different discounts to its customers according to their body size and weight…
Thailand, Ko Tao: Diving into the shipwreck, diver Oscar Dusik has an unforgettable memory.
Honda Expects 70% Decline in Net Profit for FY 2025
Shift in Buddhist Merit-Making Practices Presents New Business Opportunities
Tetra Pak Opens State-of-the-Art Innovation Centre in Bangkok to Boost Thailand's Food Industry
Crackdown on Jet-Ski Scams in Phuket Results in Arrests and Seizures
China's Changan Automobile Expands Presence in Thailand
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
EU Court Orders Disclosure of von der Leyen’s Texts with Pfizer CEO Over €35 Billion Vaccine Deal
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Mexican Influencer Valeria Márquez Killed During Livestream in Suspected Femicide
This man went to take $5,000 out his own bank account and was arrested for it
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
U.S. FDA to Remove Oral Fluoride Supplements for Children Amid Gut Health Concerns
Kim Kardashian Testifies in Paris Robbery Trial, Tells Gang Leader: 'I Forgive You'
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Reports Reveal Alarming Cognitive Decline in Biden Prior to Election Withdrawal
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Thailand to Launch B5 Billion Investment Tokens for Retail Investors
Foreign Investment Returns to Thai Markets Amid Speculation of Rate Cuts
Thailand Conducts Final Test of Cell Broadcast Emergency Alert System
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Trump says it would be 'stupid' not to accept gift of Qatari plane
Nissan Plans to Cut Over 10,000 Additional Jobs Worldwide
8-Year-Old Orders 70,000 Lollipops Using Mother’s Phone, Prompting $4,200 Amazon Bill and Viral Facebook Plea
Quantum Computing Threatens Bitcoin Security
American citizens account for 70% of worldwide pharmaceutical sales despite comprising only 4% of global population
Michael Jordan to Serve as Analyst for NBA Games
US and China Agree to Reduce Tariffs by 115% in Bilateral Trade Deal
Thailand Leads Southeast Asia in Gold Demand Amid Global Uncertainty
Thai Business Leaders Attend SelectUSA Investment Summit to Strengthen US Ties
Zelenskyy Seeks Ceasefire as Putin Proposes Direct Talks in Turkiye
U.S. and China Reach Preliminary Trade Agreement Amid Ongoing Tensions
Exploring the Rich Diversity of Durian-Based Desserts in Thailand
Thai Green Curry Pizza Gains Popularity in Finland
Macau's Renowned 'House of Dancing Water' Relaunches with a Modern Makeover
Pink Line Monorail Extension in Bangkok Nears Completion, free trial rides in June
Siam Commercial Bank Announces New Transfer Fees for Corporate Clients
Surge in Thai Ice Cream Exports Solidifies Regional Leadership
Rodrigo Duterte Awaits Trial at The Hague. Next week he might be elected mayor of his hometown
Trump says U.S. and China negotiated "total reset" in tariff talks
Thai Fruit Sales Boosted by Chinese Influencer's Livestream Event
Thai Revenue Department Exceeds Tax Collection Targets
Art Market Braces for Major Test Amid Economic Uncertainty
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
×