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Guardian

Guardian

World

World

Asian countries riven by war and disaster face some of steepest Trump tariffs

Guardian
Summary
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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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