PHNOM PENH: US President Donald Trump (pic) has announced a 49% tariff on goods imported from Cambodia, the highest rate of the numerous tariffs he announced this morning (April 3), Cambodia time.
He described the new rate as merely, a “discounted reciprocal tariff”, and referred to April 2, the day of the announcement, as “America’s Liberation Day”.
Other countries facing sudden tariff increases include Vietnam at 46%, Sri Lanka at 44%, Bangladesh at 37%, China at 34%, India at 26%, South Korea at 25%, Japan at 24% and countries in the European Union at 20%.
The US is Cambodia’s largest export market, accounting for 37.9% of the kingdom’s export value, followed by Vietnam at 13.8%, China at 6.7% and Japan at 5.4%.
In 2024, Cambodia exported goods worth $9.92 billion to the US, up 11.4%, while US imports to Cambodia amounted to $264.15 million, up by 2.7%. Total bilateral trade volume between the two nations reached $10.18 billion, a rise of 11.2% over 2023.
The vast majority of Cambodian exports to the US consist of clothing, travel goods and footwear. - The Phnom Penh Post/ANN
