🚨 Breaking: Cambodia & U.S. Reach Tariff Agreement 🇰🇭🤝🇺🇸
On July 4, 2025, the governments of Cambodia and the United States finalized a reciprocal tariff agreement. Negotiated during an online session between Cambodian Deputy PM Sun Chanthol and U.S. Assistant Trade Representative Sarah Ellerman, the deal marks a pivotal moment in their trade relationship .
📌 Key Highlights:
A joint statement on reciprocal tariffs is expected soon, though specific rates have not been disclosed .
This places Cambodia alongside Vietnam as the second Southeast Asian country to secure such a deal under the current U.S. trade framework .
The agreement follows three rounds of constructive talks in May and June aimed at preventing tariffs—some originally set as high as 49%—from taking effect by the July 9, 2025 deadline .
💡 **Why It Matters:**
Cambodia depends heavily on the U.S. for exports—37.9% of its shipments go to America, including garments, footwear, and lighting, worth nearly $10 billion in 2024 .
Successfully averting steep tariffs will help safeguard jobs in key industries and support continued economic growth.
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