KhmerTimes-Apr 7, 2025

Two days after US President Donald Trump announced tariffs, Prime Minister Hun Manet Friday announced a significant reduction in import tariffs on US products as part of an effort to strengthen trade relations amid new tariff challenges. The move comes in response to the United States’ decision to impose a 49 percent tariff on Cambodian exports, set to take effect on April 9, 2025. In a formal letter titled ‘Request for Negotiation on the Tariff Implementation on Cambodian Exports’, Mr Hun Manet urged the US government to delay the tariff implementation and engage in immediate negotiations. To demonstrate goodwill and commitment to strengthening bilateral trade ties, Mr Hun Manet announced that Cambodia would immediately reduce tariffs on 19 US product categories, lowering them from the maximum bound rate of 35 percent to an applied rate of 5 percent.

The Prime Minister also directed Minister of Commerce (MoC) Cham Nimul to engage with the Office of the US Trade Representative (USTR) for further discussions on the matter. Following the directive, Nimul formally reached out to US Trade Representative Ambassador Jamieson Greer, emphasizing Cambodia’s dedication to constructive dialogue and economic cooperation. Graph chart by Khmer Times. She reiterated Cambodia’s commitment to lowering tariffs on US imports and urged Washington to establish a negotiation mechanism. The move underscores Cambodia’s proactive stance in mitigating potential economic fallout from the US tariff decision while reinforcing its commitment to fostering stronger trade relations with the world’s largest economy. Read more at: https://www.khmertimeskh.com/501665863/cambodia-is-open-to-negotiation-with-us-over-tariff-hike-offers-to-slash-import-duties/