💨 Abstract

Southeast Asian countries, including Vietnam and Thailand, faced unexpectedly high tariffs from the US, which threaten their economies. The tariffs, ranging from 32% to 49%, are significantly higher than the 11% expected, and have caused stock markets and currencies to drop. Both Vietnam and Thailand have announced plans to negotiate and reduce the rates, as the tariffs pose a threat to their GDP targets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖