While the United States may impose higher tariffs on imports, especially a 60% tariff on Chinese goods, Southeast Asian nations could benefit from the ongoing and rapid shifts in global supply chains into the region. Former Indonesian finance minister, Dr. Muhamad Chatib Basri, told Thai PBS World’s Franc Han Shih that Indonesia and Thailand will have opportunities, thanks to new investment, but both countries need to streamline regulations and cultivate a highly skilled workforce.
While the United States may impose higher tariffs on imports, especially a 60% tariff on Chinese goods, Southeast Asian nations could benefit from the ongoing and rapid shifts in global supply chains into the region. Former Indonesian finance minister, Dr. Muhamad Chatib Basri, told Thai PBS World’s Franc Han Shih that Indonesia and Thailand will have opportunities, thanks to new investment, but both countries need to streamline regulations and cultivate a highly skilled workforce.