Economist says Thai exports could be affected by US trade slam on China

13 Sept 14:10 Key points summarised by AI

The latest US tariff hike to 25% on $200 billion of Chinese goods, with threats of more, is projected to significantly dampen Thai exports, potentially leading to negative growth this year.
Economists warn that the trade war will reduce global economic sentiment and may cause Chinese exporters to flood Asian markets with cheaper goods, while decreasing China's demand for Thai raw materials like rubber and plastic.
Kasikorn Research Center estimates Thailand has already suffered $2.1 billion in export losses, with a worst-case scenario predicting up to $3.1 billion if additional tariffs are imposed on Chinese goods that incorporate Thai components.
Despite some forecasts of export contraction, Thailand's Commerce Ministry maintains a positive outlook, planning to monitor the situation closely and develop strategies to promote exports in the second half of the year.
The ongoing US-China trade conflict is seen as a long-term economic challenge that could also impact US companies through higher import costs and potentially lead to an 'all-out economic war' as China vows countermeasures.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.