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"We have small margins," said Suparp. He said they could still manage with tariffs up to 20% or even 25% by cutting costs.

Experts told CNA that there were several contributing factors - not just the Thailand-Cambodia ceasefire - that led to substantial tariff discounts for these Southeast Asian countries.

Cambodian Buddhist monks march on a street as they organise a ceremony to honour soldiers killed in recent border clashes with Thai forces, in Cambodia, Friday, Aug. 8, 2025.