In the face of tariff hikes, a country can adopt four strategic responses: prepare and act quickly, as Vietnam and Cambodia have done; retaliate immediately, the way China has; prepare and wait for clarity; and wait for the US to feel the effects of its own measures. Describing it as a trade conflict, he said the situation has not reached the point of a global trade war, or a repeat of the 1929 Great Depression, a severe global economic downturn that is being talked about. Mr Somjai said Asean should use this opportunity to tighten cooperation, not to challenge the US, but to be prepared to deal with global changes triggered by the US new tariff policy.
Author: Mongkol Bangprapa
Published at: 2025-04-13 22:47:00
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