Trump’s Brics tariff threat and transshipment provisions could further complicate trade negotiations as the August 1 deadline looms
Now that Donald Trump’s arbitrary July 9 deadline for negotiations on “reciprocal” tariffs has come and gone, what are the implications for Southeast Asia?
To date, Vietnam, Indonesia and the Philippines are the only countries in the region to have secured so-called deals. Other countries are left with the previously announced April tariffs intact, although the negotiating deadline has been extended for three weeks to August 1. As things stand, there remain few winners in Southeast Asia in the ongoing saga.
Trump posted on social media that Vietnam had granted the US “TOTAL ACCESS” to its market, which seems to amount to a duty waiver on US products entering Vietnam.
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