Trump’s tariffs are forcing Cambodia Inc. to rethink its business model. But change needs to happen fast. Cambodia’s economy is under pressure as the second half of 2025 gets underway. In April, the Southeast Asian nation faced the highest tariffs imposed by the Trump administration on any country as part of its April 2, “Liberation Day” announcement: a hefty and somewhat shocking 49%. Subsequent negotiation whittled the figure down to 19%, a rate shared with Association of Southeast Asian