Southeast Asian Governments React to Punitive Trump Tariffs

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Southeast Asian Governments React to Punitive Trump Tariffs - The Diplomat

Quick Summary:

They are open to negotiations with Washington, but will also seek to diversify their export markets away from the U.S.

There is a lot of water still to pass under the bridge, but as Nikkei Asia concluded in an article yesterday, “Even if Trump’s tariffs help reduce the U.S.trade deficit with Southeast Asia, the benefits will be harder to see for U.S.companies as ties with Southeast Asia’s vast market weaken.

Overall, while Southeast Asia survived the first Trump administration’s trade wars relatively unscathed – indeed, nations like Vietnam benefited considerably from the relocation of Western businesses from China – it is firmly in the crosshairs under Trump 2.0.