Trade war may boost Kingdom’s US exports

13 Aug 2018  2043 | Cambodia Travel News

Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 per cent in the fourth quarter.

GMAC deputy secretary-general Kaing Monika said its lobbyists in Washington, DC, had indicated as such and that the increased duties on China-made travel goods would mean orders would be shifted out to countries like Cambodia.

He said China still exports almost $5 billion worth of travel goods to the US.

“Travel goods production should continue to exit China and be a growth opportunity for Cambodia,” Monika said.

President Donald Trump recently threatened to raise levies on $200 billion worth of Chinese goods from 10 to 25 per cent. The list of affected products includes handbags, travel items and other accessories.

The Office of the US Trade Representative is due to make a final decision on the issue at the beginning of next month.

Shanghai-based China Market Research Group (CMR) analyst Jason Lee told The Post that the trade war will hurt the US and China, possibly increasing unemployment rates and commodity prices in many sectors.

However, he said it might benefit export countries such as Cambodia. “If the [increased] duties are really enforced, travel good manufacturers in Cambodia can take advantage of it and attract more capital to invest in product upgrades and product variety.

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