TOKYO -- Cambodian Prime Minister Hun Manet said his country's businesses and communities must pursue "industrial recalibrations" as the economy comes under pressure from U.S. President Donald Trump's trade policy.
Hun Manet delivered a keynote address to Nikkei's annual Future of Asia conference in Tokyo on Friday. He spoke weeks after Trump announced a 49% "reciprocal" tariff rate on Cambodia -- the highest levy among all Southeast Asian countries -- to discourage what is believed to be rampant Chinese transshipment. Although the White House tariffs are largely on hold, Hun Manet decried the impact of the trade war.
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