Relief in Southeast Asia as Trump's tariffs level field
US President Donald Trump's global tariffs offensive has shaken Southeast Asia, a region heavily reliant on exports and manufacturing and in many areas boosted by supply chain shifts from China.
Thailand, Malaysia and Cambodia joined Indonesia and the Philippines with a 19 per cent US tariff, a month after Washington imposed a 20 per cent levy on regional manufacturing powerhouse Vietnam.
Southeast Asia - with economies collectively worth more than $US3.8 trillion ($A5.9 trillion) - had raced to offer concessions and secure deals with the United States, the top export market for much of the region.
Malaysia's trade ministry said its rate, down from a threatened 25 per cent, was a positive outcome without compromising on what it called "red line" items.
Thailand's finance minister said the reduction from 36 per cent to 19 per cent would help his country's struggling economy face global challenges ahead.
"It helps maintain Thailand's competitiveness on the global stage, boosts investor confidence and opens the door to economic growth, increased income and new opportunities," Pichai Chunhavajira said on Friday.
The extent of progress on bilateral trade deals with the United States was not immediately clear, with Washington so far reaching broad "framework agreements" with Indonesia and Vietnam, with scope to negotiate further.
Thailand was about a third of the way there, Pichai said.
The United States on Friday slashed the tariff rate for Cambodia to 19 per cent from earlier levies of 36 per cent and 49 per cent, a major boost for its crucial garments sector.
"If the US maintained 49 per cent or 36 per cent, that industry would collapse in my opinion," Cambodia's Deputy Prime Minister and top trade negotiator Sun Chanthol said.
In Thailand and Malaysia, business groups cheered a tariff rate that could signal a maintenance of the status quo between rival markets, among them beneficiaries of so-called "China plus one" trade.
Much remains to be worked out by the Trump administration, including non-tariff barriers, rules of origin and what constitutes trans-shipment for the purposes of evading duties, a measure targeting goods originating from China with no or limited value added, where a 40 per cent tariff would apply.
Vietnam has one of the world's largest trade surpluses with the United States, worth more than $US120 billion in 2024, and has been often singled out as a hub for the illegal rerouting of Chinese goods to America.
It reached an agreement in July that slashed a levy from a threatened 46 per cent to 20 per cent, but concerns remain among some businesses that its heavy reliance on raw materials and components imported from China could lead to a wider application of the 40 per cent rate.
Southeast Asian countries are breathing a sigh of relief after the US announced tariffs on their exports that were far lower than threatened and levelled the playing field with a rate of about 19 per cent across the region's biggest economies.
US President Donald Trump's global tariffs offensive has shaken Southeast Asia, a region heavily reliant on exports and manufacturing and in many areas boosted by supply chain shifts from China.
Thailand, Malaysia and Cambodia joined Indonesia and the Philippines with a 19 per cent US tariff, a month after Washington imposed a 20 per cent levy on regional manufacturing powerhouse Vietnam.
Southeast Asia - with economies collectively worth more than $US3.8 trillion ($A5.9 trillion) - had raced to offer concessions and secure deals with the United States, the top export market for much of the region.
Malaysia's trade ministry said its rate, down from a threatened 25 per cent, was a positive outcome without compromising on what it called "red line" items.
Thailand's finance minister said the reduction from 36 per cent to 19 per cent would help his country's struggling economy face global challenges ahead.
"It helps maintain Thailand's competitiveness on the global stage, boosts investor confidence and opens the door to economic growth, increased income and new opportunities," Pichai Chunhavajira said on Friday.
The extent of progress on bilateral trade deals with the United States was not immediately clear, with Washington so far reaching broad "framework agreements" with Indonesia and Vietnam, with scope to negotiate further.
Thailand was about a third of the way there, Pichai said.
The United States on Friday slashed the tariff rate for Cambodia to 19 per cent from earlier levies of 36 per cent and 49 per cent, a major boost for its crucial garments sector.
"If the US maintained 49 per cent or 36 per cent, that industry would collapse in my opinion," Cambodia's Deputy Prime Minister and top trade negotiator Sun Chanthol said.
In Thailand and Malaysia, business groups cheered a tariff rate that could signal a maintenance of the status quo between rival markets, among them beneficiaries of so-called "China plus one" trade.
Much remains to be worked out by the Trump administration, including non-tariff barriers, rules of origin and what constitutes trans-shipment for the purposes of evading duties, a measure targeting goods originating from China with no or limited value added, where a 40 per cent tariff would apply.
Vietnam has one of the world's largest trade surpluses with the United States, worth more than $US120 billion in 2024, and has been often singled out as a hub for the illegal rerouting of Chinese goods to America.
It reached an agreement in July that slashed a levy from a threatened 46 per cent to 20 per cent, but concerns remain among some businesses that its heavy reliance on raw materials and components imported from China could lead to a wider application of the 40 per cent rate.
Southeast Asian countries are breathing a sigh of relief after the US announced tariffs on their exports that were far lower than threatened and levelled the playing field with a rate of about 19 per cent across the region's biggest economies.
US President Donald Trump's global tariffs offensive has shaken Southeast Asia, a region heavily reliant on exports and manufacturing and in many areas boosted by supply chain shifts from China.
Thailand, Malaysia and Cambodia joined Indonesia and the Philippines with a 19 per cent US tariff, a month after Washington imposed a 20 per cent levy on regional manufacturing powerhouse Vietnam.
Southeast Asia - with economies collectively worth more than $US3.8 trillion ($A5.9 trillion) - had raced to offer concessions and secure deals with the United States, the top export market for much of the region.
Malaysia's trade ministry said its rate, down from a threatened 25 per cent, was a positive outcome without compromising on what it called "red line" items.
Thailand's finance minister said the reduction from 36 per cent to 19 per cent would help his country's struggling economy face global challenges ahead.
"It helps maintain Thailand's competitiveness on the global stage, boosts investor confidence and opens the door to economic growth, increased income and new opportunities," Pichai Chunhavajira said on Friday.
The extent of progress on bilateral trade deals with the United States was not immediately clear, with Washington so far reaching broad "framework agreements" with Indonesia and Vietnam, with scope to negotiate further.
Thailand was about a third of the way there, Pichai said.
The United States on Friday slashed the tariff rate for Cambodia to 19 per cent from earlier levies of 36 per cent and 49 per cent, a major boost for its crucial garments sector.
"If the US maintained 49 per cent or 36 per cent, that industry would collapse in my opinion," Cambodia's Deputy Prime Minister and top trade negotiator Sun Chanthol said.
In Thailand and Malaysia, business groups cheered a tariff rate that could signal a maintenance of the status quo between rival markets, among them beneficiaries of so-called "China plus one" trade.
Much remains to be worked out by the Trump administration, including non-tariff barriers, rules of origin and what constitutes trans-shipment for the purposes of evading duties, a measure targeting goods originating from China with no or limited value added, where a 40 per cent tariff would apply.
Vietnam has one of the world's largest trade surpluses with the United States, worth more than $US120 billion in 2024, and has been often singled out as a hub for the illegal rerouting of Chinese goods to America.
It reached an agreement in July that slashed a levy from a threatened 46 per cent to 20 per cent, but concerns remain among some businesses that its heavy reliance on raw materials and components imported from China could lead to a wider application of the 40 per cent rate.
Southeast Asian countries are breathing a sigh of relief after the US announced tariffs on their exports that were far lower than threatened and levelled the playing field with a rate of about 19 per cent across the region's biggest economies.
US President Donald Trump's global tariffs offensive has shaken Southeast Asia, a region heavily reliant on exports and manufacturing and in many areas boosted by supply chain shifts from China.
Thailand, Malaysia and Cambodia joined Indonesia and the Philippines with a 19 per cent US tariff, a month after Washington imposed a 20 per cent levy on regional manufacturing powerhouse Vietnam.
Southeast Asia - with economies collectively worth more than $US3.8 trillion ($A5.9 trillion) - had raced to offer concessions and secure deals with the United States, the top export market for much of the region.
Malaysia's trade ministry said its rate, down from a threatened 25 per cent, was a positive outcome without compromising on what it called "red line" items.
Thailand's finance minister said the reduction from 36 per cent to 19 per cent would help his country's struggling economy face global challenges ahead.
"It helps maintain Thailand's competitiveness on the global stage, boosts investor confidence and opens the door to economic growth, increased income and new opportunities," Pichai Chunhavajira said on Friday.
The extent of progress on bilateral trade deals with the United States was not immediately clear, with Washington so far reaching broad "framework agreements" with Indonesia and Vietnam, with scope to negotiate further.
Thailand was about a third of the way there, Pichai said.
The United States on Friday slashed the tariff rate for Cambodia to 19 per cent from earlier levies of 36 per cent and 49 per cent, a major boost for its crucial garments sector.
"If the US maintained 49 per cent or 36 per cent, that industry would collapse in my opinion," Cambodia's Deputy Prime Minister and top trade negotiator Sun Chanthol said.
In Thailand and Malaysia, business groups cheered a tariff rate that could signal a maintenance of the status quo between rival markets, among them beneficiaries of so-called "China plus one" trade.
Much remains to be worked out by the Trump administration, including non-tariff barriers, rules of origin and what constitutes trans-shipment for the purposes of evading duties, a measure targeting goods originating from China with no or limited value added, where a 40 per cent tariff would apply.
Vietnam has one of the world's largest trade surpluses with the United States, worth more than $US120 billion in 2024, and has been often singled out as a hub for the illegal rerouting of Chinese goods to America.
It reached an agreement in July that slashed a levy from a threatened 46 per cent to 20 per cent, but concerns remain among some businesses that its heavy reliance on raw materials and components imported from China could lead to a wider application of the 40 per cent rate.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Advertiser
an hour ago
- The Advertiser
US envoy visits Gaza aid operation the UN calls unsafe
US President Donald Trump's Middle East envoy has visited a US-backed aid operation in Gaza, which the United Nations has partly blamed for deadly conditions in the enclave, saying he sought to get food and other aid to people there. Steve Witkoff on Friday visited a site run by the US and Israel-backed Gaza Humanitarian Foundation in Rafah in the war-shattered Palestinian territory, where Israel has been fighting the militant group Hamas. Humanitarian organisations and many foreign governments have been strongly critical of the GHF, which began operations in late May. A global hunger monitor warned this week that famine is unfolding in Gaza. Hours after Witkoff's visit, Palestinian medics reported Israeli forces shot dead three Palestinians near one of the group's sites in the city on Gaza's southern edge. Reuters could not immediately verify whether it was the same location. The Israeli military said it was still looking into the incident in which soldiers fired warning shots at what it described as a "gathering of suspects" approaching its troops, hundreds of metres from the aid site. The UN says more than 1000 people have been killed trying to receive aid in Gaza since the GHF began operating, most of them shot by Israeli forces operating near GHF sites. The Israeli military has acknowledged that its forces have killed some Palestinians seeking aid and says it has given its troops new orders to improve their response. The UN has declined to work with the GHF, which it says distributes aid in ways that are inherently dangerous and violate humanitarian neutrality principles, contributing to the hunger crisis across the territory. The GHF says nobody has been killed at its distribution points, and that it is doing a better job of protecting aid deliveries than the UN Israel blames Hamas and the UN for the failure of food to get to desperate Palestinians in Gaza and introduced the GHF distribution system, saying it would prevent aid supplies being seized by Hamas. Hamas denies stealing aid. Indirect negotiations between the sides aimed at securing a 60-day ceasefire and hostage release deal ended last week in deadlock. Hamas on Friday released a video of Israeli hostage Evyatar David in one of its tunnels appearing skeletally thin. Its allied Islamic Jihad militant group released a video on Thursday of hostage Rom Braslavski, crying and pleading for his release. Witkoff visited Gaza a day after meeting Israeli Prime Minister Benjamin Netanyahu. Israel is under mounting international pressure over the devastation of Gaza since the start of the war and growing starvation among its 2.2 million inhabitants. Gaza medics say dozens of people have died of malnutrition in recent days after Israel cut off all supplies to the enclave for nearly three months from March to May. Israel says it is taking steps to let in more aid, including pausing fighting for part of the day in some areas and announcing protected routes for aid convoys. On Friday, the Israeli military said 200 trucks of aid were distributed by the UN and other organisations on Thursday, with hundreds more waiting to be picked up from the border crossings inside Gaza. The UN says it has thousands of trucks still waiting, if Israel would let them in without the stringent security measures that aid groups say have prevented the entry of humanitarian assistance. Israel began allowing food air drops this week, but UN agencies say these are a poor alternative to letting in more trucks. On Friday, the Israeli military said that 126 food packages were airdropped by six countries, including for the first time France, Spain, and Germany. The Gaza war began when Hamas killed more than 1200 people and took 251 hostage in an attack on southern Israel on October 7, 2023, according to Israeli figures. Israel's offensive has since killed more than 60,000 Palestinians, according to Gaza health officials. US President Donald Trump's Middle East envoy has visited a US-backed aid operation in Gaza, which the United Nations has partly blamed for deadly conditions in the enclave, saying he sought to get food and other aid to people there. Steve Witkoff on Friday visited a site run by the US and Israel-backed Gaza Humanitarian Foundation in Rafah in the war-shattered Palestinian territory, where Israel has been fighting the militant group Hamas. Humanitarian organisations and many foreign governments have been strongly critical of the GHF, which began operations in late May. A global hunger monitor warned this week that famine is unfolding in Gaza. Hours after Witkoff's visit, Palestinian medics reported Israeli forces shot dead three Palestinians near one of the group's sites in the city on Gaza's southern edge. Reuters could not immediately verify whether it was the same location. The Israeli military said it was still looking into the incident in which soldiers fired warning shots at what it described as a "gathering of suspects" approaching its troops, hundreds of metres from the aid site. The UN says more than 1000 people have been killed trying to receive aid in Gaza since the GHF began operating, most of them shot by Israeli forces operating near GHF sites. The Israeli military has acknowledged that its forces have killed some Palestinians seeking aid and says it has given its troops new orders to improve their response. The UN has declined to work with the GHF, which it says distributes aid in ways that are inherently dangerous and violate humanitarian neutrality principles, contributing to the hunger crisis across the territory. The GHF says nobody has been killed at its distribution points, and that it is doing a better job of protecting aid deliveries than the UN Israel blames Hamas and the UN for the failure of food to get to desperate Palestinians in Gaza and introduced the GHF distribution system, saying it would prevent aid supplies being seized by Hamas. Hamas denies stealing aid. Indirect negotiations between the sides aimed at securing a 60-day ceasefire and hostage release deal ended last week in deadlock. Hamas on Friday released a video of Israeli hostage Evyatar David in one of its tunnels appearing skeletally thin. Its allied Islamic Jihad militant group released a video on Thursday of hostage Rom Braslavski, crying and pleading for his release. Witkoff visited Gaza a day after meeting Israeli Prime Minister Benjamin Netanyahu. Israel is under mounting international pressure over the devastation of Gaza since the start of the war and growing starvation among its 2.2 million inhabitants. Gaza medics say dozens of people have died of malnutrition in recent days after Israel cut off all supplies to the enclave for nearly three months from March to May. Israel says it is taking steps to let in more aid, including pausing fighting for part of the day in some areas and announcing protected routes for aid convoys. On Friday, the Israeli military said 200 trucks of aid were distributed by the UN and other organisations on Thursday, with hundreds more waiting to be picked up from the border crossings inside Gaza. The UN says it has thousands of trucks still waiting, if Israel would let them in without the stringent security measures that aid groups say have prevented the entry of humanitarian assistance. Israel began allowing food air drops this week, but UN agencies say these are a poor alternative to letting in more trucks. On Friday, the Israeli military said that 126 food packages were airdropped by six countries, including for the first time France, Spain, and Germany. The Gaza war began when Hamas killed more than 1200 people and took 251 hostage in an attack on southern Israel on October 7, 2023, according to Israeli figures. Israel's offensive has since killed more than 60,000 Palestinians, according to Gaza health officials. US President Donald Trump's Middle East envoy has visited a US-backed aid operation in Gaza, which the United Nations has partly blamed for deadly conditions in the enclave, saying he sought to get food and other aid to people there. Steve Witkoff on Friday visited a site run by the US and Israel-backed Gaza Humanitarian Foundation in Rafah in the war-shattered Palestinian territory, where Israel has been fighting the militant group Hamas. Humanitarian organisations and many foreign governments have been strongly critical of the GHF, which began operations in late May. A global hunger monitor warned this week that famine is unfolding in Gaza. Hours after Witkoff's visit, Palestinian medics reported Israeli forces shot dead three Palestinians near one of the group's sites in the city on Gaza's southern edge. Reuters could not immediately verify whether it was the same location. The Israeli military said it was still looking into the incident in which soldiers fired warning shots at what it described as a "gathering of suspects" approaching its troops, hundreds of metres from the aid site. The UN says more than 1000 people have been killed trying to receive aid in Gaza since the GHF began operating, most of them shot by Israeli forces operating near GHF sites. The Israeli military has acknowledged that its forces have killed some Palestinians seeking aid and says it has given its troops new orders to improve their response. The UN has declined to work with the GHF, which it says distributes aid in ways that are inherently dangerous and violate humanitarian neutrality principles, contributing to the hunger crisis across the territory. The GHF says nobody has been killed at its distribution points, and that it is doing a better job of protecting aid deliveries than the UN Israel blames Hamas and the UN for the failure of food to get to desperate Palestinians in Gaza and introduced the GHF distribution system, saying it would prevent aid supplies being seized by Hamas. Hamas denies stealing aid. Indirect negotiations between the sides aimed at securing a 60-day ceasefire and hostage release deal ended last week in deadlock. Hamas on Friday released a video of Israeli hostage Evyatar David in one of its tunnels appearing skeletally thin. Its allied Islamic Jihad militant group released a video on Thursday of hostage Rom Braslavski, crying and pleading for his release. Witkoff visited Gaza a day after meeting Israeli Prime Minister Benjamin Netanyahu. Israel is under mounting international pressure over the devastation of Gaza since the start of the war and growing starvation among its 2.2 million inhabitants. Gaza medics say dozens of people have died of malnutrition in recent days after Israel cut off all supplies to the enclave for nearly three months from March to May. Israel says it is taking steps to let in more aid, including pausing fighting for part of the day in some areas and announcing protected routes for aid convoys. On Friday, the Israeli military said 200 trucks of aid were distributed by the UN and other organisations on Thursday, with hundreds more waiting to be picked up from the border crossings inside Gaza. The UN says it has thousands of trucks still waiting, if Israel would let them in without the stringent security measures that aid groups say have prevented the entry of humanitarian assistance. Israel began allowing food air drops this week, but UN agencies say these are a poor alternative to letting in more trucks. On Friday, the Israeli military said that 126 food packages were airdropped by six countries, including for the first time France, Spain, and Germany. The Gaza war began when Hamas killed more than 1200 people and took 251 hostage in an attack on southern Israel on October 7, 2023, according to Israeli figures. Israel's offensive has since killed more than 60,000 Palestinians, according to Gaza health officials. US President Donald Trump's Middle East envoy has visited a US-backed aid operation in Gaza, which the United Nations has partly blamed for deadly conditions in the enclave, saying he sought to get food and other aid to people there. Steve Witkoff on Friday visited a site run by the US and Israel-backed Gaza Humanitarian Foundation in Rafah in the war-shattered Palestinian territory, where Israel has been fighting the militant group Hamas. Humanitarian organisations and many foreign governments have been strongly critical of the GHF, which began operations in late May. A global hunger monitor warned this week that famine is unfolding in Gaza. Hours after Witkoff's visit, Palestinian medics reported Israeli forces shot dead three Palestinians near one of the group's sites in the city on Gaza's southern edge. Reuters could not immediately verify whether it was the same location. The Israeli military said it was still looking into the incident in which soldiers fired warning shots at what it described as a "gathering of suspects" approaching its troops, hundreds of metres from the aid site. The UN says more than 1000 people have been killed trying to receive aid in Gaza since the GHF began operating, most of them shot by Israeli forces operating near GHF sites. The Israeli military has acknowledged that its forces have killed some Palestinians seeking aid and says it has given its troops new orders to improve their response. The UN has declined to work with the GHF, which it says distributes aid in ways that are inherently dangerous and violate humanitarian neutrality principles, contributing to the hunger crisis across the territory. The GHF says nobody has been killed at its distribution points, and that it is doing a better job of protecting aid deliveries than the UN Israel blames Hamas and the UN for the failure of food to get to desperate Palestinians in Gaza and introduced the GHF distribution system, saying it would prevent aid supplies being seized by Hamas. Hamas denies stealing aid. Indirect negotiations between the sides aimed at securing a 60-day ceasefire and hostage release deal ended last week in deadlock. Hamas on Friday released a video of Israeli hostage Evyatar David in one of its tunnels appearing skeletally thin. Its allied Islamic Jihad militant group released a video on Thursday of hostage Rom Braslavski, crying and pleading for his release. Witkoff visited Gaza a day after meeting Israeli Prime Minister Benjamin Netanyahu. Israel is under mounting international pressure over the devastation of Gaza since the start of the war and growing starvation among its 2.2 million inhabitants. Gaza medics say dozens of people have died of malnutrition in recent days after Israel cut off all supplies to the enclave for nearly three months from March to May. Israel says it is taking steps to let in more aid, including pausing fighting for part of the day in some areas and announcing protected routes for aid convoys. On Friday, the Israeli military said 200 trucks of aid were distributed by the UN and other organisations on Thursday, with hundreds more waiting to be picked up from the border crossings inside Gaza. The UN says it has thousands of trucks still waiting, if Israel would let them in without the stringent security measures that aid groups say have prevented the entry of humanitarian assistance. Israel began allowing food air drops this week, but UN agencies say these are a poor alternative to letting in more trucks. On Friday, the Israeli military said that 126 food packages were airdropped by six countries, including for the first time France, Spain, and Germany. The Gaza war began when Hamas killed more than 1200 people and took 251 hostage in an attack on southern Israel on October 7, 2023, according to Israeli figures. Israel's offensive has since killed more than 60,000 Palestinians, according to Gaza health officials.
SBS Australia
an hour ago
- SBS Australia
Dozens of countries hit in Trump tariff blitz
Listen to Australian and world news, and follow trending topics with SBS News Podcasts . The U-S President has announced steep tariffs for 92 nations, including Canada at 35 per cent, and India at 25 per cent. President Donald Trump says the hikes target nations that failed to engage with U-S economic and security interests. But Australian goods will stay at the 10 per cent baseline. Trade Minister Don Farrell says Australian goods are now more competitive in the U-S market, after Donald Trump's latest tariffs announcement. Australia has been spared from an increase in tariffs and the rate remains at the lowest level of 10 per cent. Mr Farrell says that outcome is good for Australia. "What this decision means in conjunction with all the other changes to other countries is that Australian products are now more competitive into the American market. This means products like wine, like beef, like lamb, like wheat, are cheaper into the United States." New Zealand faces a 15 per cent rate, and Canada up to 35 per cent on items outside the US-Mexico-Canada agreement. The White House cited non-tariff barriers and fentanyl trafficking, though Canada accounts for just one per cent of US fentanyl imports. Ottawa says it's boosting border security and fighting transnational crime. Canberra's recent easing of restrictions on American beef is denied as being linked to the decision. Switzerland faces the highest tariff increase, up to 39 per cent. Jean-Philippe Kohl from Swissmem says tens of thousands of tech jobs are now at risk. 'It is really, it was a shock for us, and it is a shock for our export industry and the whole country. We are really stunned. And the tariffs are not based on any rational basis and are arbitrary, and it is impossible to explain what it means and why this decision is made so. So, there is no rationality.' Swiss pharmaceutical giants Roche and Novartis were spared, but broader economic impacts are expected to be severe. The Swiss government is reviewing its response. Meanwhile, Bangladesh has won a key concession, with U-S tariffs on its garment exports cut to 20 per cent, down from a proposed 37 per cent. The decision is a relief for the country's $60 billion [[US$40 billion]] apparel industry, the world's second largest. Factory owner and former trade official Mohiuddin Rubel says the move helps level the playing field. 'Initially when it (Trump's tariff) was imposed, few of our competitors were having lesser tariff than us. So, we were in little bit of a shaky position to fight with them and how to cope up with them in the competition. So, when now it has been revised, all of our competitors almost are in equal stage.' Meanwhile in Taiwan, a 20 per cent tariff has left industries such as machinery and plastics on edge, as companies weigh whether to shift operations. One executive, Mr Wang, warns the impact could ripple across multiple sectors. 'It all depends on the final tariff rate. If it remains 20 percent, it will be a big blow for machine tools manufacturing, machinery and textile industries. And the impact may affect other industries on different levels. As a result, it all depends on the final tariffs rate, what markets Taiwan needs to open for the U.S., what we need to invest in U.S. We won't know the impact until then.' In Malaysia, most pharmaceutical and semiconductor products will be exempt despite a new 19 per cent tariff on other exports. Trade Minister Tengku Zafrul Aziz says the decision followed high-level talks. "In the end, at 5am we finished the discussion in the morning and Prime Minister Anwar Ibrahim briefed us that President Trump has agreed with the tariffs for Malaysia, which is 19 per cent, announced along with other countries. This will be followed by a joint statement by the Malaysia and US side, including the Malaysia Ministry of International Trade and Industry (MITI) and the US Trade Representatives (USTR) either on Saturday or Sunday." South Africa is also bracing for the fallout. Dynamic Fluid Control, a major valve manufacturer, fears the 30 per cent levy on steel could force it out of the U-S market. C-E-O Tumi Tsehlo was blunt. "You know the longer the tariffs stay in place, the longer the situation will continue to disable us." South Africans voiced concern over the potential impact of a 30 per cent tariff imposed by President Trump, warning of job losses and economic uncertainty as the measure takes effect. Kalomo Musokotwane is a marketing and events manager. "Thirty per cent is drastic. So a lot of people are going to lose jobs. And already the government is struggling to create more jobs as it is, and I don't see them creating any more jobs again. So it's going to probably be up to the entrepreneurs. Entrepreneurs are going to have to somehow find a way to bring back the economy. But then at the end of the day, a lot of people are going to lose.' Serbia has been hit with a proposed 35 per cent tariff. Bojan Stanic from the Serbian Chamber of Commerce described the move as excessive. "Serbia is among the most affected countries in the world with tariffs, if they really happen - we will have to wait for the official announcement of the officials in Serbia as well. The tariffs are even higher than those applied for Chinese goods coming to America. On the other hand, in Europe only Switzerland is higher with 39%. We can freely say that this is indeed an irrational decision, bearing in mind that in the last ten years, the economic exchange between America and Serbia has significantly increased." In France, perfume maker Corania is reeling from a 15 per cent tariff on its U-S exports. CEO Laurent Cohen says the sudden change has forced the 90-year-old company to rethink its business strategy. 'So this is new, it's forced on us, it's sudden. And so, we, who have been working in this market for many years, we had to turn around, we had to reinvent ourselves. We already had to be cautious because since January, we have no idea what's coming next.'
Perth Now
2 hours ago
- Perth Now
US envoy visits Gaza aid operation the UN calls unsafe
US President Donald Trump's Middle East envoy has visited a US-backed aid operation in Gaza, which the United Nations has partly blamed for deadly conditions in the enclave, saying he sought to get food and other aid to people there. Steve Witkoff on Friday visited a site run by the US and Israel-backed Gaza Humanitarian Foundation in Rafah in the war-shattered Palestinian territory, where Israel has been fighting the militant group Hamas. Humanitarian organisations and many foreign governments have been strongly critical of the GHF, which began operations in late May. A global hunger monitor warned this week that famine is unfolding in Gaza. Hours after Witkoff's visit, Palestinian medics reported Israeli forces shot dead three Palestinians near one of the group's sites in the city on Gaza's southern edge. Reuters could not immediately verify whether it was the same location. The Israeli military said it was still looking into the incident in which soldiers fired warning shots at what it described as a "gathering of suspects" approaching its troops, hundreds of metres from the aid site. The UN says more than 1000 people have been killed trying to receive aid in Gaza since the GHF began operating, most of them shot by Israeli forces operating near GHF sites. The Israeli military has acknowledged that its forces have killed some Palestinians seeking aid and says it has given its troops new orders to improve their response. The UN has declined to work with the GHF, which it says distributes aid in ways that are inherently dangerous and violate humanitarian neutrality principles, contributing to the hunger crisis across the territory. The GHF says nobody has been killed at its distribution points, and that it is doing a better job of protecting aid deliveries than the UN Israel blames Hamas and the UN for the failure of food to get to desperate Palestinians in Gaza and introduced the GHF distribution system, saying it would prevent aid supplies being seized by Hamas. Hamas denies stealing aid. Indirect negotiations between the sides aimed at securing a 60-day ceasefire and hostage release deal ended last week in deadlock. Hamas on Friday released a video of Israeli hostage Evyatar David in one of its tunnels appearing skeletally thin. Its allied Islamic Jihad militant group released a video on Thursday of hostage Rom Braslavski, crying and pleading for his release. Witkoff visited Gaza a day after meeting Israeli Prime Minister Benjamin Netanyahu. Israel is under mounting international pressure over the devastation of Gaza since the start of the war and growing starvation among its 2.2 million inhabitants. Gaza medics say dozens of people have died of malnutrition in recent days after Israel cut off all supplies to the enclave for nearly three months from March to May. Israel says it is taking steps to let in more aid, including pausing fighting for part of the day in some areas and announcing protected routes for aid convoys. On Friday, the Israeli military said 200 trucks of aid were distributed by the UN and other organisations on Thursday, with hundreds more waiting to be picked up from the border crossings inside Gaza. The UN says it has thousands of trucks still waiting, if Israel would let them in without the stringent security measures that aid groups say have prevented the entry of humanitarian assistance. Israel began allowing food air drops this week, but UN agencies say these are a poor alternative to letting in more trucks. On Friday, the Israeli military said that 126 food packages were airdropped by six countries, including for the first time France, Spain, and Germany. The Gaza war began when Hamas killed more than 1200 people and took 251 hostage in an attack on southern Israel on October 7, 2023, according to Israeli figures. Israel's offensive has since killed more than 60,000 Palestinians, according to Gaza health officials.
