Six Southeast Asian nations have been hit with tariffs ranging from 32% to 49%, causing significant disruption to their economies. Vietnam, in particular, has seen its exports to the US account for almost 30% of its GDP. Thailand hopes that talks will bring down its 37% tariffs, which are currently in place.
However, so far, none of these nations have indicated plans to impose retaliatory tariffs. The affected countries are working towards constructive dialogue with the US to mitigate the impact of the tariffs and find a mutually beneficial solution. This development comes as the global trade landscape continues to evolve, highlighting the need for countries to engage in open communication and cooperation.
The situation is closely monitored by Reuters, which provides daily updates on global trade and tariff news through its Tariff Watch newsletter. As the world navigates this complex issue, it will be essential to follow developments and understand the implications of these tariffs on regional economies.
Source: https://www.reuters.com/world/asia-pacific/southeast-asia-nations-hit-particularly-hard-by-us-tariffs-prep-talks-with-trump-2025-04-03