Trump Unveils Tariffs on Developing Nations
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US trade policyGuardian
•World
World
Asian countries riven by war and disaster face some of steepest Trump tariffs
74% Informative
Developed nations in south-east Asia , including war-torn and earthquake-hit Myanmar , and several African nations are among the trading partners facing the highest tariffs set by Donald Trump .
Cambodia , a developing economy where 17.8% of the population live below the poverty line, is the worst-hit country in the region with a tariff rate of 49% .
The US president has justified the changes by saying they are retribution for countries that have long cheated’ America .
But economists have warned the sweeping changes will raise costs, threaten jobs, slow growth and isolate the US from a system of global trade it pioneered, and furthered over several decades .
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