"On the sidelines of the summit in Kuala Lumpur, he also met with ASEAN's leaders to discuss US tariff rates, which range from 10 percent for Singapore to 40 percent for Myanmar and Laos. In the flurry of activity, the White House announced reciprocal trade deals with Malaysia and Cambodia, and framework agreements the outlines of future trade deals with Thailand and Vietnam."
"Still to be determined is whether Trump will follow through on his threats to impose a 100 percent tariff on semiconductors and a 40 percent tariff on transshipments referring mainly to Chinese exports routed through third countries to avoid pre-existing tariffs. It is also unclear how the US might define the country of origin of goods that cross borders dozens of times before they are finished, if Trump does proceed with measures targeting transshipments."
United States President Donald Trump attended the 47th ASEAN Summit in Kuala Lumpur and oversaw a ceasefire signing between Thailand and Cambodia. He met with ASEAN leaders to discuss US tariff rates that range from 10 percent for Singapore to 40 percent for Myanmar and Laos. The White House announced reciprocal trade deals with Malaysia and Cambodia and framework agreements with Thailand and Vietnam. Malaysia received tariff exemptions on some key exports. None of the agreements mentioned semiconductors or specified country-of-origin rules. Uncertainty remains over possible 100 percent semiconductor tariffs, 40 percent transshipment tariffs, and the potential impact on integrated supply chains.
Read at www.aljazeera.com
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