Cambodia Seeks Negotiation with U.S. Following 49 Percent Tariff Imposition
Cambodian Prime Minister Hun Manet is urging negotiations with the U.S. following the announcement of a 49 percent tariff on Cambodian goods, effective April 9, 2025. He has proposed reducing Cambodian tariffs on 19 product categories in an effort to strengthen bilateral trade relations. Hun Manet remains committed to engaging in constructive dialogue with the U.S. government.
Cambodian Prime Minister Hun Manet has expressed the desire for negotiations subsequent to the imposition of a 49 percent tariff on products exported from Cambodia to the United States. This announcement, made by the U.S. government, indicates that these tariffs on various imported goods would come into effect on April 9, 2025, impacting several trade partners, including Cambodia.
In a formal letter addressed to U.S. President Donald Trump, Prime Minister Hun Manet requested an opportunity to negotiate, urging the postponement of the planned tariff on Cambodian goods. He stated, “Cambodia proposes to negotiate with Your Honorable’s administration at the earliest convenient time and wishes to request that your esteemed government consider postponing the above-mentioned tariff implementation.”
Hun Manet pointed out that Cambodia’s existing maximum tariff rate is capped at 35 percent. As a gesture of goodwill and a commitment to enhancing bilateral trade ties, he pledged to reduce tariffs on 19 product categories from the current maximum of 35 percent to just 5 percent. This step reflects Cambodia’s dedication to fostering stronger trade relations with the United States.
Additionally, Hun Manet has directed his Minister of Commerce to engage with the U.S. Trade Representative to facilitate discussions aimed at achieving mutually beneficial outcomes. He reaffirmed Cambodia’s commitment to constructive dialogue with the U.S. government, emphasizing that this partnership can yield significant benefits for both nations and their citizens.
In summary, following the announcement of a forthcoming 49 percent tariff on Cambodian exports, Prime Minister Hun Manet has actively sought negotiations with the U.S. government. He proposed significant tariff reductions to foster bilateral trade and strengthen the relationship between the two countries. Cambodia’s commitment to open dialogue and trade negotiations highlights the importance of cooperation in achieving mutual benefits for both nations.
Original Source: www.thestar.com.my
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