Southeast Asia hit with heaviest US tariffs

Fast-growing, developing economies in southeast Asia will be hit with some of the heaviest tariffs in the wake of US President Donald Trump's self-declared 'Liberation Day'. Vietnam — which stepped in to fill the need for low-cost manufacturing as the US diversified away from China — now finds itself punished for its trade surplus with Washington. Malaysia, Cambodia, Myanmar and Laos will also have their US exports hit with tariffs of 24 to 49 per cent. Guest: Roland Rajah, the Lowy Institute's lead economist and Director of the Low Institute's Indo-Pacific Development Centre Producers: Brooke Young, Timothy Skelton, Eleni Psaltis