Asia

If Beijing ends up with a lower US tariff rate than Southeast Asian countries after Aug 12, the latter’s relative attractiveness as an investment and manufacturing alternative to China could be “diminished”, said Joanne Lin, senior fellow and co-coordinator of the Association of Southeast Asian Nations (ASEAN) Studies Centre at Singapore’s ISEAS-Yusof Ishak Institute. “This is especially concerning for countries like Vietnam, Malaysia and Indonesia, which have benefited from Chinese firms relocating production during the height of the US-China trade tensions,” she said. “A lower tariff regime for China would reduce the incentive for these relocations and could slow foreign…

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