Cambodia faces a potential hammer blow after the U.S. said it will review the country’s eligibility for a trade preference scheme vital to its export-reliant economy.
A loss of favorable trade status would be disastrous for the country, particularly after the European Union, its second-biggest market, levied trade sanctions against Cambodia in 2020 over human rights abuses.
The U.S. on Wednesday issued a scathing assessment of the Southeast Asian nation led by strongman Prime Minister Hun Sen, whose deepening ties with Beijing have strained relations with Washington.
