Jayant Menon|Priyanka Kishore|Alex Capri|Julia Tijaja|Runchana Pongsaparn|Nick Marro
On 2 April 2025, the Trump 2.0 administration announced sweeping reciprocal tariffs aimed at eliminating the US trade deficit with individual countries – in a move hailed by US President Donald Trump as “Liberation Day”. Southeast Asian countries have not been spared, with Cambodia, Laos, Vietnam, and Myanmar among the hardest hit. Some countries, including China, have responded with retaliatory measures, raising the risk of further escalation from the US. While a temporary 90-day pause on reciprocal tariffs offers a brief respite, this period is set to expire in early July.
