Tariff
U.S. Section 301 hits Southeast Asia: 10% for three, 12.5% for Singapore, Vietnam, technology escapes
New U.S. Section 301 tariffs took effect on Friday (July 24) across 60 economies, hitting seven Southeast Asian nations: Malaysia, Cambodia, and Indonesia with a 10 percent additional duty, while Vietnam, Thailand, the Philippines, and Singapore face the higher rate of 12.5 percent.
