Some countries stood on the new White House chart on his so-called Tariffs Tariffs. Cambodia, with a new 49% tariff; Vietnam, with 46%; and Thailand, at 36%.

Southeast Asia – even compared to Asian samses – harder to hit “Day of liberation. “

Southeast Asian economies mostly benefited from “China Plus USA” planA procedure to support the chains where major manufacturers begin to route some of their supplies in the chains in third countries. Both western and Chinese companies are different reasons to supply-chain due to many reasons: Cheaper Labor outside China, avoiding tarff, and ensure interrupts like cavies-19 guidelines.

Vietnam has an overload of $ 123.5 billion with US past year, leading analysts in Warn Last year the country was more dangerous. Hanoi tried to win oneself through preemptirtively cutting the duties of importing arrup 2. On Friday, Trump again, he also had a productive Vietnamic call in Vietnam in Lam. According to Trump, Lam offered To cut Vietnamesili tariffs in US items to zero if both countries can reach a deal.

Besides Vietnam, three other countries in the region have been hit by high tariffs. Cambodia, Laos, and Thailand, hit by tariff rates of 49%, 48%, and 36%.

Other Southeast Asian countries facing significant new tariffs include Indonesia with 32% tariff rate and Malaysia with 24% of the rate.

Vietnam, gaining 30% of GDP from US export, likely to be the hardest hit.

“In just a few short years, Vietnam lost from the Primary beneficiary of US-China’s US-China tension on a major target of US tariffs,” HSBC economicists Frederic Neumanns and Justin Feng wrote on a report on Thursday.

OCBC bank colleagues now estimate GDP in Vietnam will grow in only 5% years, from 6.2%, due to tariffs. (Vietnam leaders used to expect the country to grow as much as 8%.)

Singaporean Bank also thinks Thailand will suffer Trump’s tariffs, down growth growth of 2%, from 2.8%.

Press to China

Incoming Tarko in Vietnam, Thailand, Laos, and Cambodia mean manufacturers can no longer be able to become the economies of China, as a “plus a” destination.

China has obtained an additional 34% tariff in the “release day,” above previously announced by 20% tariff.

Which put companies, including many leading US brands, In a bound. For example, Gap, Nike, they took their supplies to chains from China, moving to other Asian economies to pass low costs and shields from the US-China Trade Confation.

Vietnam makes a quarter of Nike’s products, including half of its shoes, according to the Sportswear’s annual report. The country of Southeast Asia is also the largest supplier of GAP, followed by India and Indonesia. Lululemon is also the source of 40% of the goods from Vietnam.

In the past few years, foreign brands and Southeast Asia benefited from “China Plus a strategy. The economies of the country’s low-income, as it reserved the first-time investment in China. Finally, the chain interrupts Like the pandemic urged companies like Apple to influence their supplies of chains, Vietnam and Indian operations to avoid dependent on China.

But now these brands face a lot of bad choices: stay in Southeast Asia and pay high tariffs? Try to find another jurisdiction with lower tariff tariff rates? Or move the make of (very expensive) us?

This story originally shown Fortune.com

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