David Hutt is a research fellow at the Central European Institute of Asian Studies (CEIAS) and Southeast Asia columnist at the Diplomat. He writes the Europe Meets Southeast Asia newsletter.
Storm clouds are amassing over Cambodia. The U.S., its largest export market, could impose 10% to 20% tariffs on all imports from the country once Donald Trump enters office in January. The European Union, its second-largest market, may cut even more trade privileges. China, Cambodia's "ironclad friend," might no longer be able to sign every blank cheque on infrastructure spending.
