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Guardian
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Asian countries riven by war and disaster face some of steepest Trump tariffs
- Donald Trump has imposed high tariffs on several developing nations in south-east Asia and Africa, disrupting trade relations and potentially triggering a global trade war.
- The tariffs, aimed at protecting the US economy, have been labeled by Trump as a historic moment of economic independence.
- Countries like Cambodia, Laos, Vietnam, Myanmar, Indonesia, and Thailand are among those facing significant tariff rates ranging from 32% to 49%.
- The tariffs are seen as a strategy to target Chinese investment in these nations, impacting job creation and export revenue.
- Experts suggest that the tariffs could force these nations to pivot towards closer relationships with China.
- African nations like Lesotho, Madagascar, and Botswana are also heavily affected, with tariff rates ranging from 37% to 50%.
- The US will also impose a 10% universal tariff on all imported goods, further escalating tensions in global trade.
- Economists warn that these tariffs may lead to increased prices, inflation, job losses, and hinder economic growth.
- Critics argue that such drastic changes could isolate the US from the global trade system it has historically championed.
- The impacts of these tariffs on vulnerable economies and global trade dynamics remain uncertain, sparking concerns among experts.
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