U.S. President Donald Trump¡¯s recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China¡¯s supply chains.
Trump unveiled tariffs of 20% for Vietnam and 19% for Indonesia and the Philippines, signaling those are the levels the U.S. will likely settle on for most of Southeast Asia, a region that ships $352 billion worth of goods annually to the U.S.
He¡¯s also threatened to rocket rates up to 40% for products deemed to be transshipped, or re-routed, through those countries ¡ª a move largely directed at curbing Chinese goods circumventing higher U.S. tariffs.
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