Southeast Asian countries breathed a sigh of relief on Friday after the U.S. announced tariffs on their exports that were far lower than threatened and levelled the playing field with a rate of about 19% across the region's biggest economies.

Supply chains for electronics stretch all the way through Asia When he began his trade war, President Donald Trump said his goal was to bring American jobs and manufacturing back to the US, reduce trade deficits and create a more level playing field for American companies competing globally.