Thailand and Cambodia on Friday welcomed a 19 percent trade tariff announced by US President Donald Trump, avoiding a threatened levy of 36 percent days after he intervened to help broker a ceasefire in their deadly border conflict.

India is exploring options to address US President Trump’s 25 per cent tariff on Indian goods, but immediate retaliation is unlikely. While aiming to maintain trade relations by potentially increasing imports of natural gas, communication equipment, and gold from the US, India has ruled out new defense purchases, including the F-35 fighter jets.

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