In what appears to be a shot across the bow instead of an escalation, the latest rates roughly coincided with those announced in April. Yet their tariff rates are set to be unchanged, with Malaysia’s even increasing by a percentage point to 25 per cent. Cambodian media recently reported that the countries had agreed on a draft joint statement about a trade agreement framework, though Washington has not supported this with an official announcement.
Published at: 2025-07-09 22:00:00
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