On Apr. 2, the US government announced tariffs ranging from 10% to 49% on several Southeast Asian nations under the “Liberation Day” initiative.

Cambodia, Laos, and Vietnam face the highest tariffs at 49%, 48%, and 46%, respectively. Other affected countries include Myanmar (44%), Thailand (36%), Indonesia (32%), Brunei (24%), Malaysia (24%), the Philippines (17%), Timor-Leste (10%), and Singapore (10%).