Some Asian nations reacted with relief Friday after US President Donald Trump announced tariffs that in some cases were lower than threatened, and delayed by a week to August 7.

The new tariffs imposed by the US are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by SBI.

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.