US EditionUS tariffs ‘to cost Thai economy B360bn’
4 Articles
4 Articles
The Federation of Thai Industries urgently met to discuss with industrial groups affected by Trump's tariffs, expecting that Thai export revenue will be damaged by 800-900 billion baht, urging the government to urgently negotiate with the United States to find a solution. The Ministry of Commerce explained that the United States has adjusted the retaliatory tariff rate on Thailand to 36%.
US tariffs ‘to cost Thai economy B360bn’
Reciprocal tariffs imposed by the United States could result in economic losses for Thailand of 359 billion baht, reducing gross domestic product (GDP) by nearly 2%, according to the University of the Thai Chamber of Commerce (UTCC).
US Tariffs Threaten Thai Economy with B360bn Blow
Composite image courtesy of Kasikorn Research Centre Devastating tariff hikes from the United States could hit Thailand with a jaw-dropping 360 billion baht loss, shaving a staggering 2% off the nation's GDP, as warned by experts at the University of the Thai Chamber of Commerce (UTCC). The clamp...
UTCC predicts GDP growth below 2% in 2025 due to U.S. tariff hike and export impact
University of Thai Chamber of Commerce forecasts GDP growth in 2025 may fall below 2% after the U.S. imposes higher-than-expected tariffs on Thai imports, impacting exports and tourism. BANGKOK, Thailand – The University of Thai Chamber of Commerce (UTCC) forecasts that Thailand’s GDP growth in 2025 may fall below 2%, after U.S. President Donald Trump’s announcement of a higher-than-expected retaliatory tariff of 37% on Thai imports. This will l…
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