Southeast Asian economies will need to renegotiate their trade deals with the United States to mitigate any long-term repercussions from the US plan to impose reciprocal tariffs on trading partners, analysts said.
US President Donald Trump on Thursday signed a memorandum directing his administration to determine “the equivalent of a reciprocal tariff with respect to each foreign trading partner”.
Most of the members of the Association of Southeast Asian Nations have export-dependent economies and count the US, the world”s biggest importer, among their key export markets. But Nomura analysts said in their research note that while Thailand, with higher relative…