TOKYO: Some nations reacted with relief Friday after US President Donald Trump announced tariffs that in some cases were lower than threatened, and delayed by a week to August 7.
But others — including Switzerland and chip powerhouse Taiwan — still hope to negotiate lower rates, and uncertainty remains over transshipments and levies on Japanese cars.
Trump’s announcement does not cover export giant China — currently in negotiations on a trade deal ahead of an August 12 deadline — but here is how other economies reacted:
The 19 percent levy for Thailand and Cambodia — fresh from border clashes that killed over 40 people — is a let-off from the threatened 36 percent.
Thailand called it a “major success” and a “win-win approach aimed at preserving Thailand’s export base and long-term economic stability.”
