The varying levels of US tariffs could see investors move away from the likes of Vietnam and Cambodia and turn to countries like Singapore and Philippines, economists told CNA.

US president Donald Trump has imposed sweeping new tariffs on global trading partners, upending decades of rules-based trade and threatening cost increases for consumers. Mr Trump said he would impose a 10 per cent baseline tariff on all US imports, taking the maximum to more than 50 per cent for some countries.