Trump Sets 19% Tariff on Thailand, Cambodia After Peace Deal
The United States has imposed a 19% tariff on imports from Thailand and Cambodia, a reduction from the previously threatened 36% levy. This decision comes after President Donald Trump threatened to block trade deals with the two countries unless they resolved a deadly border clash. The lower tariff rate is a result of a peace deal reached between Thailand and Cambodia, which has appeased the Trump administration's concerns. The move is part of the ongoing trade tensions between the US and its trading partners, as the Trump administration seeks to renegotiate various trade agreements. The tariff will likely impact the economies of Thailand and Cambodia, as they rely heavily on exports to the US market. However, the reduced rate suggests a willingness to compromise and find a diplomatic solution to the underlying issues.
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