Cambodia is being hit with the biggest single nation tariff rate of all, at 49%.
This has major implications for its factories, now in a fight to survive the next few months if the tariffs are implemented, as retail partners freeze orders.
Its one million workers, many of whom are women at the low-end of the global income distribution pie, are facing financial ruin.
But a U.S. trade group that represents retailers reliant on Cambodia says factories now based in Cambodia will “absolutely not” be coming back to the U.S.
Instead, they will seek out alternative manufacturing locations in lower tariff regimes.
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https://www.cnbc.com/2025/04/08/trump-tariffs-live-updates-stock-market-china.html