‘It is not the absolute tariffs that really matter. It is the relative tariffs that matter – relative to the competing economies of Cambodia. Five percent lower than the competitors at the medium level (19 percent) is a great advantage for Cambodia.’ Dr Milan Thomas, Country Economist at the Cambodia Resident Mission of Asian Development Bank (ADB), said yesterday as he spoke at the webinar organised by ISEAS-Yusof Ishak Institute, Singapore, under the title ‘Impact of the Trump Tariffs on Cambodia, Laos and Vietnam’.

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