On October 26, the White House announced that the U.S. has reached reciprocal trade agreements with Malaysia, Vietnam, Cambodia, and Thailand. Under these agreements, each country will remove certain import tariffs on U.S. goods.
Malaysia
The U.S. will continue a 19% tariff on Malaysian goods. Malaysia will open its markets to U.S. agricultural and industrial exports, including measures addressing non-tariff barriers.
The annexes and appendices for this U.S.–Malaysia trade deal are available here.
View Statement here.
Vietnam
The U.S. will maintain a 20% tariff on Vietnamese goods. Vietnam will remove tariffs and non-tariff barriers on U.S. agricultural and industrial products.
View Statement here.
Cambodia
Cambodia will eliminate tariffs on U.S. goods, including food, agricultural, and industrial products. The U.S. will maintain a 19% tariff on Cambodian goods.
More details are available here.
View Statement here.
Thailand
A framework agreement was reached, with Thailand removing tariffs on approximately 99% of U.S. agricultural and industrial exports. The U.S. will continue a 19% tariff on Thai goods.
View Statement here.