Trump’s 40 percent tariff on transshipped goods casts clouds over ‘China Plus One’ manufacturing model.
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Taipei, Taiwan – Southeast Asia’s export-driven economies are facing new uncertainty from United States President Donald Trump’s trade war, as his administration cracks down on exports directed through third countries to avoid his tariffs on China.
Under an executive order issued by Trump last week, goods imported into the US face a punitive 40 percent tariff, plus penalties and any applicable country-of-origin duties, if US Customs and Border Protection determines they have been “transshipped”.
The tariff is set to go into effect on Thursday, along with Trump’s latest country-specific tariffs ranging from 10 to 41 percent.
