How Asian international locations are reacting to Trump’s web ranking tariff announcement as deadline looms

U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for a number of international locations, forward of the Friday deadline introduced earlier.

The White Home additionally introduced a 40% tariff price for all items transshipped to keep away from the relevant duties.

Nations not listed within the web ranking order will face an extra responsibility of 10%. The up to date directive modifies tariffs imposed beneath the sooner govt order issued in April.

Listed here are reactions from world leaders and international locations in Asia because the clock ticks right down to the Aug. 1 deadline. It was not instantly clear if that date had been pushed again for the tariffs to kick in.

“This can be a excellent news for the residents and financial system of Cambodia to proceed growing the nation.” Cambodian Prime Minister Hun Manet said on Friday on Facebook after the revised desk of tariffs was launched.

Cambodia now faces 19% duties, an enormous minimize from the “Liberation Day” tariff stage of 49% — which have been among the many highest charges introduced on April 2.

Manet additionally thanked Trump for “initiating and pushing for ceasefire between [the] Cambodian military and Thai military.” The 2 international locations have been concerned in a border battle final week.

Thailand’s Finance Minister Pichai Chunhavajira stated in a post on X that the tariff price levied on the nation “displays the shut friendship and partnership between Thailand and the USA,” in accordance with a Google translation of his assertion in Thai. The nation faces 19% tariffs on exports to the U.S.

Chunhavajira added that the introduced tariff helps Thailand stay aggressive on the worldwide stage, builds investor confidence and permits financial development.

Nevertheless, he stated that the federal government acknowledges the affect of the tariffs on entrepreneurs and farmers, and has ready “complete help measures,” together with smooth loans, subsidies, and tax measures in order to assist Thailand adapt.

Taiwan has been hit with a 20% “momentary tariff,” President Lai Ching-te stated on his Facebook page, including that negotiations have been nonetheless ongoing.

That is decrease than the 32% price introduced on April 2. “If an settlement is reached, it may be anticipated that the tariff price might be additional diminished,” Lai wrote on Friday.

Taiwan may also talk about provide chain cooperation and points associated to Part 232 sooner or later, he added, referring to the sectoral tariffs that Trump had imposed on nationwide safety grounds.

— This text might be up to date as extra reactions are available.