Edit: i shouldn't spread negativity without official news/report
Armillarian
joined 4 months ago
I'm not sure about raw material. But for processed goods, to much tariff would create a situation where the local industry would price their product targeting a market segment with tariff included. It's only good for preserving industries in short term solution. Prolong tariff would make them lose their competitiveness in world market and become reliant on tariff to survive...
And it is expected for countries like this to even out the trade deficit... anyway i still think it's the right choice on the combodia side. edit: make the reply more relevant to the post