The US has raised duties on steel from Vietnam that Washington says originated in China, part of its bid to crack down on firms evading tariffs. Photo: AP
Will Donald Trump’s trade crusade ultimately benefit Southeast Asia?
- As trade tensions between China and the US show signs of lessening, Washington is turning its attention to countries used by firms as a pit stop to avoid tariffs
- But instead of being another casualty in the trade war, experts say a crackdown on tariff-dodging practices could see economies in the region benefit from sustainable growth
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Vietnam
The US has raised duties on steel from Vietnam that Washington says originated in China, part of its bid to crack down on firms evading tariffs. Photo: AP
The United States is threatening to raise tariffs on Japanese vehicle imports from 2.5 per cent at present to 25 per cent. Photo: AFP
Japanese carmakers can’t shake off fears of Donald Trump’s tariff threats
- Suggestions that Washington and Tokyo could announce a trade deal later this year aren’t helping Japanese car firms rest easy
- They still fear Trump’s threat of crippling tariffs and are taking pains to emphasise their contributions to the US economy
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Japan
The United States is threatening to raise tariffs on Japanese vehicle imports from 2.5 per cent at present to 25 per cent. Photo: AFP