The BGA Global Trade and Economics Team, led by Managing Director Nydia Ngiow, wrote an update to clients on new U.S. tariff rates. Context U.S. President Donald Trump on July 7 and July 9 informed 21 countries, including Korea, Japan, Malaysia, Thailand, Indonesia, Bangladesh, Cambodia, Laos, Myanmar, the Philippines, Brunei and Sri Lanka, that they will face tariffs of 20 percent or more unless they broker new trade deals with the United States before August 1. This comes a week after Trump … Continue Reading