How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms

How Asian countries are reacting to Trump’s latest tariffs announcement as deadline looms


President Donald Trump speaks alongside Secretary of Commerce Wilbur Ross.

Saul Loeb | AFP | Getty Images

U.S. President Donald Trump on Thursday stateside rejigged the so-called “reciprocal” tariff rates for several countries, ahead of the Friday deadline announced earlier.

The White House also announced a 40% tariff rate for all goods transshipped to avoid the applicable duties.

Countries not listed in the latest order will face an additional duty of 10%. The updated directive modifies tariffs imposed under the earlier executive order issued in April.

Here are reactions from world leaders and countries in Asia as the clock ticks down to the Aug. 1 deadline. It was not immediately clear if that date had been pushed back for the tariffs to kick in.

Cambodia

“This is a good news for the citizens and economy of Cambodia to continue developing the country.” Cambodian Prime Minister Hun Manet said on Friday on Facebook after the revised table of tariffs was released.

Cambodia now faces 19% duties, a massive cut from the “Liberation Day” tariff level of 49% — which were among the highest rates announced on April 2.

Manet also thanked Trump for “initiating and pushing for ceasefire between [the] Cambodian army and Thai army.” The two countries were involved in a border conflict last week.

Thailand

Thailand’s Finance Minister Pichai Chunhavajira said in a post on X that the tariff rate levied on the country “reflects the close friendship and partnership between Thailand and the United States,” according to a Google translation of his statement in Thai. The country faces 19% tariffs on exports to the U.S.

Chunhavajira added that the announced tariff helps Thailand remain competitive on the global stage, builds investor confidence and allows economic growth.

However, he said that the government recognizes the impact of the tariffs on entrepreneurs and farmers, and has prepared “comprehensive support measures,” including soft loans, subsidies, and tax measures so as to help Thailand adapt.

Taiwan

Taiwan has been hit with a 20% “temporary tariff,” President Lai Ching-te said on his Facebook page, adding that negotiations were still ongoing.

This is lower than the 32% rate announced on April 2. “If an agreement is reached, it can be expected that the tariff rate will be further reduced,” Lai wrote on Friday.

Taiwan will also discuss supply chain cooperation and issues related to Section 232 in the future, he added, referring to the sectoral tariffs that Trump had imposed on national security grounds.

— This article will be updated as more reactions come in.



Source

Macquarie: India could emerge as an ‘AI powerhouse’ and names top stocks to watch
World

Macquarie: India could emerge as an ‘AI powerhouse’ and names top stocks to watch

Despite being a global software powerhouse, India has been perceived as a laggard in the artificial intelligence space, with no current domestic chip industry or full-scale foundational AI model . But that narrative is set to change, according to Macquarie. The narrative of India as an AI bystander could shift to it being an “AI […]

Read More
Why Deutsche Bank sees a ‘sharp reversal’ for luxury stocks if the Middle East conflict subsides
World

Why Deutsche Bank sees a ‘sharp reversal’ for luxury stocks if the Middle East conflict subsides

A recovery in European luxury stocks has been upended by the Iran war, but they could see a “sharp reversal” if the geopolitical situation improves, Deutsche Bank said on Wednesday. Shares of major players like LVMH , Kering , Richemont and Hermes are down between 10% and 20% since the first attacks on Iran on […]

Read More
European stocks plunge after Trump vows to hit Iran ‘extremely hard’
World

European stocks plunge after Trump vows to hit Iran ‘extremely hard’

City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025. Nathan Laine | Bloomberg | Getty Images Europe-listed shares opened sharply lower on Thursday, as concerns about the trajectory of the U.S.-Iran war gripped global markets once again. Shortly after the opening bell, the pan-European Stoxx 600 was 1.2% […]

Read More