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Businesses spent years diversifying away from China. Trump’s trade war could destroy those economies

  • Donald Trump's tariff announcement imposed levies over 40% on several Asian countries.
  • Companies had been moving production from China to avoid rising costs and geopolitical risk.
  • Cambodia, Laos, Vietnam, Myanmar and Sri Lanka faced tariffs, potentially crippling their economies.
  • Tim Hsu stated, "If the 49% tariff remains unchanged, we will withdraw our investment."
  • Experts warn of economic strain, shrinking production, and job losses in affected nations.
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  • 70% of the sources are Center
70% Center
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The Canberra Times broke the news in Canberra, Australia on Friday, April 4, 2025.
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