The EU's Tariff Threats Against Asia's Autocrats Risk Backfiring
- Garment sectors employing nearly two million workers at risk
- Companies eyeing Africa as alternative if EU takes action
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The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region.
Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election was “marked by harassment and intimidation.” The bloc is threatening to do the same for Myanmar due to genocide allegations, and a Reuters report said Sri Lanka may be next on the list.