Cambodia urges investors to remain calm, trust govt, as US tariff negotiations ongoing

From left: Commerce minister Cham Nimul, CDC first vice-president Sun Chanthol and finance ministry secretary of state Phan Phalla addressing a July 8 press conference on the US tariff announcement. - CDC

PHNOM PENH: A senior Cambodian government official has called on all investors to remain patient and allow working groups to continue reciprocal tariff negotiations with the United States.

His call followed the lowering of proposed US tariffs on Cambodian imports from 49% to 36%. The latest tariffs, announced by the administration of President Donald Trump, are set to take effect on Aug 1.