U.S. President Donald Trump's upcoming tariff hikes, set to begin August 1, have triggered uncertainty across South and Southeast Asian markets. Companies face rising costs, disrupted supply chains, and pressure to find alternative trade routes. Nations like Vietnam, Malaysia, and Japan are reassessing U.S. relations, while poorer countries like Cambodia face harsh duties. Experts warn the shift from globalization to regionalization is accelerating, with China emerging as a stabilizing trade partner amid the U.S.’s unpredictable policies.
The 90-day suspension period on U.S. President Donald Trump's recently announced “Liberation Day” tariffs is set to expire on July 9. In anticipation, countries and companies around the world are scrambling to make moves that might appease the White House, according to a report by the BBC.
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