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The Trump administration has named Singapore and 39 other economies as participants in what it calls a 'shadow transshipment network' used by Chinese exporters to circumvent US tariffs, with potential customs revenue losses reaching $303 billion.
Indonesia's exporters risk losing US market share to competitors facing lower tariffs and cheaper production costs, with labour-intensive industries particularly vulnerable despite government negotiations with Washington.
Despite extensive product exemptions keeping near-term tariff impacts modest, OCBC warns that ongoing US trade investigations and geopolitical tensions threaten Southeast Asian exporters' medium-term outlook.
Singapore joins 45 economies facing a 12.5 per cent US tariff on exports, affecting roughly one-third of shipments to America. The levy, tied to forced-labour concerns, took effect July 24 amid uncertainty over additional duties.
Malaysia has been assigned a 10% tariff under US Section 301 forced labour measures, placing it among 17 economies in the lower tier. The tariff takes effect from July 24, recognising Malaysia's labour law enforcement efforts.
The Philippines is negotiating with the United States to reduce a newly imposed 12.5% tariff on its exports, seeking to lower the rate to 10%. The tariff was imposed over alleged failures to prevent forced labour goods from entering the country.
Malaysia has become subject to a 10 per cent United States tariff on exports effective July 24 following a forced labour investigation. The Ministry of Investment, Trade and Industry says it will continue diplomatic engagement with Washington.
Brazil has rejected newly imposed US tariffs on its products, labelling a Section 301 trade investigation as arbitrary and protectionist. The country plans to challenge the measures through WTO dispute resolution.
Singapore faces a 12.5% tariff on exports to the United States following a US investigation into forced labour practices. The measure affects roughly one-third of the city-state's domestic exports and represents Washington's latest escalation in trade tensions.
The United States has announced tariffs ranging from 10 to 12.5 per cent against 60 trading partners, including Malaysia's major regional partners, for inadequate enforcement of forced-labour prohibitions in their supply chains.
The US has implemented tariffs of up to 12.5 percent on South Korea, Japan and dozens of other nations after investigating forced labour practices across 60 economies, replacing temporary global duties that expired.
India has enacted a ban on importing goods produced through forced labour, a policy shift aimed at deflecting threatened US tariffs of up to 12.5 per cent. The measure takes effect in 30 days.