Southeast Asian countries are breathing a sigh of relief after the US unveiled its revised tariff schedule, slashing the initially feared higher rates and offering a somewhat more manageable outcome.

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Markets were down and some trade allies reacted with shock over US President Donald Trump's latest tariffs salvo.

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Trump’s executive order also set punitive rates for 69 trading partners, including 35% duties on Canada, 50% for Brazil, 20% for Taiwan and 39% for Switzerland ...

"We have small margins," said Suparp. He said they could still manage with tariffs up to 20% or even 25% by cutting costs.