ASEAN, U.S.: New Trump Tariff Rates Target ASEAN Economies

Association of Southeast Asian countries are reeling in the wake of U.S. President Donald Trump's July 7 announcement that six ASEAN countries -- including Indonesia (32%), Malaysia (25%), Thailand (36%), Cambodia (36%), Laos (40%) and Myanmar (40%) -- will face new reciprocal tariffs starting Aug. 1, with separate 40% tariffs targeting goods transshipped through ASEAN countries, Nikkei Asia reported July 8....