Southeast Asian manufacturers are bracing for impact as Donald Trump’s potential return threatens sweeping tariffs, including up to 46% on Vietnamese goods. Entrepreneurs like Vietnam’s Hao Le, who thrived by filling gaps left by Chinese exporters, now face business-threatening uncertainty.
Trump Tariff Threats Shake Southeast Asia’s Economic Balancing Act
Regional economies, once bolstered by trade diversification and U.S. market access, risk being caught in escalating China-U.S. tensions. As Chinese exports flood Southeast Asia, local industries—from textiles in Indonesia to electronics in Vietnam—struggle under pressure.
While nations like Malaysia may gain in sectors like rubber gloves, broader instability is prompting calls for reduced reliance on any one global power.
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