Lower tariff thanks to halal and rare earths concessions to comr ahead of Trump attendance at October's Asean summit. Read more at straitstimes.com. Read more at straitstimes.com.

"We have small margins," said Suparp. He said they could still manage with tariffs up to 20% or even 25% by cutting costs. When he spoke to the BBC, before the deal was announced, he said the uncertainty was the biggest challenge: "Please - to our government, just get the deal, so we can plan our business."

U.S. President Donald Trump announced on Thursday new tariffs of up to 41% on goods imported from dozens of countries, again citing emergency powers he says he is using to shrink the country's trade deficits with many of its trade partners.