US trade volumes with Thailand, Indonesia, and Philippines achieved record highs in Q1 2026, defying President Trump’s reciprocal tariffs. Despite 19-23% duties, US imports surged 23% from Thailand, 11% from Indonesia, and 38% from Philippines (deficit $4.9B to $6.8B), driven by electronics, semiconductors, and machinery rerouting from China amid “Chinese Plus One” strategies. The value of the total ASEAN-US goods …
