💨 Abstract

The rising U.S. tariffs on China have led Southeast Asian countries to diversify their supply chains, but these nations now find themselves in the crossfire as the tariffs escalate across the world. These economies face increased trepidation due to historical tariffs, which are near-record highs and pose significant threats to economic growth. Experts expressed concerns over Trump's tariffs indefinitely altering the global trade and earlier strategies of surging investment in the region.

Courtesy: WTOP Staff