💨 Abstract

Southeast Asian nations, including Vietnam and Thailand, are facing hefty tariffs from the U.S., as they have been benefiting from manufacturers shifting production to their economies to avoid levies on China. The tariffs, which range from 32% to 49%, are significantly higher than those imposed on the European Union (20%). None of the Southeast Asian nations have spoken of retaliatory tariffs yet.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖