Skip to main content

Containers on a cargo ship.

US President Trump holds up a board showing the reciprocal tariffs on other countries at the White House rose garden.

Employees work on the production line of American infant product and toy manufacturer Kids II Inc. at a factory in China.

Loading YouTube content

"As Chinese goods are locked out of the US market … those Chinese goods and other goods that can't get into the United States are flooding other markets,"
he said.

The American flag flutters at a Nissan automobile dealership in Irvine, California.

A car carrier transporting vehicles made by South Korea's automaker Kia Motors.

"As the global trade war has become a reality, the government must pour all its capabilities to overcome the trade crisis,"
he said.

Loading YouTube content

Labourers work at a private garment factory in Hanoi, Vietnam.

An aerial view of Phnom Penh.

"Those economies are really trade exposed ... that's the source of their prosperity but it's also the source of their security."

"So [with this tariff policy] the industry will be increasingly impacted, and the threat of quite large lay-offs will be increasingly real."

Posted , updated