SCG frets over impact of US tariffs on Southeast Asia

SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, is worried about the impact of Washington's new tariff policy on Southeast Asia, as the region is the company's main market.

- LAMONPHET APISITNIRAN

The economies of many countries in the region will be affected by America’s reciprocal tariffs if they fail to negotiate with US President Donald Trump's administration, according to SCG.

The steep tariffs, with a rate of 36% on Thai goods, were initially set to take effect on April 9, but Trump decided to delay enforcement for a period of 90 days, allowing countries that did not retaliate against the tariffs to negotiate on trade matters.