US President Donald Trump declared a 'risprocal tariff' on worldwide import products at Rose Garden last Wednesday. Then there was a big push in the global economy. Some countries in Southeast Asia have taken the biggest push outside China. Of these, 5 percent was imposed in Vietnam and 5 percent of Cambodia, which is the highest in the region. In addition, 5 percent in Thailand, 12 percent in Indonesia, 20 percent in Malaysia, 5 percent in the Philippines and 5 percent in Singapore.
The British media reports that the BBC reports that it is a major blow to these regions depending on exports. Over the past three decades, the praised economic development of these regions has relied on the success of selling their products in the whole world, especially in the United States. However, Vietnam was the most dependent on the United States among these countries. About 5 percent of the country's total GDP comes from US exports. But the story of this growth is now threatened by Washington's disciplinary tariffs.
If the tariff is in the long run, the effect will be different. But it will create a big challenge for the Vietnam, Thailand and Cambodia government. Vietnam's 'bamboo diplomacy' – where they maintain friendship with everyone, especially China and the United States. But this relationship is now in the face of the test.
Vietnam, led by Lam, is planning to build a high income, knowledge and technology -based economy by Lam, led by Lam. For this, the goal of growing more than 5 percent of the annual growth was that the main basis was more export to the United States. This is also a major reason behind the upgradation of the two countries in 2021 in 'widespread strategic partnership'. But this tariff has made that plan difficult.
Meanwhile, China responds with counter-tariff, but the message of Southeast Asian governments is to try to discuss without being distracted. Vietnam has already sent their deputy prime minister Ho Dook Fak to Washington and proposed to withdraw all tariffs on US imports. Thailand is planning to send their finance minister and has proposed to reduce tariffs as well as the US to buy food and aircraft. Malaysian Prime Minister Anwar Ibrahim is also going to Washington, though only 5 percent of their exports go to the United States, so the impact is relatively low.
But the Trump administration is not in the mood of compromise. Trump's trade and production adviser Peter Navaro says Vietnam's zero tariff proposal is 'meaningless'. He claimed that Vietnam sells $ 5 products in the United States against $ 5 imports per $ per US and stops US imports by non-tariff barrier. He also said that one-third of Vietnam exports are actually Chinese products, which are sent to Vietnam. However, the rate of trade research is called 5 to 5 percent.
Cambodia has also appealed to suspend the tariff. The local American Chamber of Commerce has demanded the lifting of 5 percent tariff. They say the garment industry will be severely damaged, but no tariff will restore garment production in the United States.
Another surprise for Myanmar is 5 percent tariff. More than 5 percent of the country's GDP, which is overwhelmed by the civil war, comes from US exports. However, the garment industry is also an important source of income for poor families.
Trump has been very popular in these countries in Asia for so long. His strict and transaction -based foreign policy has been praised in Vietnam. Hun Sen, a former Cambodian powerful leader, who is still in power behind the screen, proudly expressed his selfie with Trump in the 21st. Last month, Cambodia praised Trump's Voice of America and Radio Free Europe. But now the countries of the region are apologizing to Trump's court to reduce tariffs.
