Cambodia, US Conclude First Trade Talks, Plan June Follow-Up

Cambodia and the United States have initiated a series of trade negotiations aimed at enhancing bilateral trade and investment, with a particular focus on reducing the steep 49% tariffs imposed on Cambodian exports during the Trump administration. These tariffs, the highest among Southeast Asian nations, heavily impact Cambodia's vital textiles and footwear sectors, which are critical to its $49.8 billion economy. High-level discussions held in Washington between Cambodian officials, including Deputy Prime Minister Sun Chanthol and Commerce Minister Cham Nimul, and U.S. trade representatives were described as frank and constructive, emphasizing mutual interest in strengthening economic ties. Both sides reviewed a draft trade agreement and agreed to continue negotiations with a second round scheduled for early June. Cambodia’s trade volume has been growing, with U.S. exports from Cambodia valued at over $1.6 billion early in 2025, highlighting the significance of the U.S. as Cambodia’s largest export market. The Cambodian government, under Prime Minister Hun Manet, reaffirmed its commitment to building a cooperative and balanced economic partnership with the United States for mutual benefit.