Trump advisors, Vietnamese and Cambodia are required for steep tariffs for countries needed to delete steep tariffs, trade shortcomings and supply chains. Says the economy will be a long shot

US President Donald Trump, “Salvation Day“Southeast protected the highest tariff rates for Asia. Economists expected In the list of Trump’s tariffs, see some targets like Hub Vietnamese manufacturer. Other goals like neighboring Cambodia were more surprising and all was shocked from the steep tariffs applied to the region, often lying 40%.

April 2, a raked in Southeast Asia, which rely on exporter for growth. Both Vietnamese and Cambodia are already proposed to cut their tariffs into US imports. However, it is impossible to count a lot in the leadership of everyone in the Trump. Trade Advisor has Peter Navarro defendant Vietnam uses the country’s value tax “Tariff non-tariff fraud” and use by Chinese manufacturers to avoid us from tariffs. Trading Secretary Howard Lutnick leach Vietnam’s great trading surplus means the United States collapsed

Again, a tall order of completely balanced trading with Navarro, Lutnick and Trump’s countries like Vietnamese countries. They promised to receive more US goods such as countries, aircraft or energy. But in fact, it is not enough to get enough consumer goods to balance the export of southeast Asian countries.

According to the World Bank, GDP per capita-per capita GDP in 2023 was more than $ 2,400 for $ 82,800 per US

This can increase the possibility that Vietnam or Cambodia can offer nothing, which will make our steep tariffs to build a permanent part of US trade to Southeast Asia.

Why did Donald Trump introduce so upright tariffs to countries like Vietnam, Cambodia and Laos?

Vietnam, Cambodia and Laos export more than they exercise. Given The correct road, Trump management calculated the “Freedom Day” tariffs-Ift, trade surplus, Total imports – such as Vietnam, these developing production centers were always going to get high tariffs.

“What happened, the reciprocal tariffs were determined as a tariff rate needed to zero trade balance,” he said.

This is Trump’s tariffs in the United States, for example, from the world trade organization, or what barriers of Cambodia have nothing to do with indicator The simple middle tariff rate of Vietnam was only 9.4%.

Both Vietnamese and Cambodian export technical products export electronics such as laptops, mobile phones and video game consoles in Vietnamese exports; Exports Cambodian solar panels. It also exports consumer goods such as clothing, shoes and bags. Laos, Cambodia and Vietnamese, a neighbor, both solar cells and technicians, are exporting solar cells and fast-moving consumer goods. (Laos has received 48% tariff rate from Trump last week and has 46% and 49%, 49% and 49% in Cambodia).

“Southern East Asia’s economies (for production) really said,” Saine “in connection with the labor value of the workforce there.” The income of the average American worker is repeatedly higher. “

What happens next?

High tariffs in the United States are a great threat to growth in Southeast Asia brought from “China plus one” approaches to the diversification of the supply chain.

DBS, in the last report, offers to increase the economic growth of Vietnam’s economic growth of US tariffs 2.5 percent; The Singapore Bank initially predicts a 6.8% increase for the Southeast Asian country this year.

Economists believe that most Asian economies will try to negotiate with the United States compared to China’s tariffs. “The US exports to Asia is small in quantum, which gives the region’s less lever,” Nomura wrote in the final report. The Japanese financial firm thinks that countries will offer more US goods, invest in the United States and expand the market to US companies.

From today, Vietnam suggested to eliminate tariffs on US imports, Cambodia already slap A number of products in US products are up to 5% tariffs.

However, because these countries are not importing more than the United States, it is unlikely to solve the basic trade imbalance

Vietnam imported $ 13.1 billion worth of goods from the United States last year. On the contrary, Vietnam is more than 10 times in another way and $ 136.6 billion.

Vietnam’s biggest purchases from the United States, according to Vietnamese government information, were computers and electronic products and machinery and tools and tools and tools. In the country, these products were imported to support the production of their electronics.

In the statement released On Monday, Hanoi called on the recognition of tariffs for at least 45 days to give the bilateral talks. The Prime Minister of Vietnam Pham Minh Chinh was ready to increase protection and security shopping and will look at the monetary policy in Washington.

Cambodia and Laos, two mainly imports of Agrarian economy, less imported from the United States of Cambodia, 521.6 million US $ 321.6 million last year; This is even smaller for Laos importing $ 40.4 million worth of products from the United States

On the contrary, the Cambodian laos exported $ 803.3 million, but Cambodia exported $ 12.7 billion worth of goods to the United States.

The best US imports of Cambodia and Lao are consumer goods such as cars or electronics. Instead, it is fuel and mechanical equipment.

“These economies do not really have a large number of purchases,” he said Samidin. He added that if these countries offer or may not have the United States offered, and to be asked, “the US producers may not be ready to sell.”

This story was first displayed Fortune.com

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