Thai PBS Thai PBS
Thai govt urged to form special team to cope with Trump’s trade policies

Thai govt urged to form special team to cope with Trump’s trade policies

1 Oct 07:21 Key points summarised by AI
  • Thai experts urge the government to establish a special team to counter potential US tariffs under the Trump administration, citing Thailand's significant trade surplus with the US.
  • Thailand faces high risks of increased import tariffs due to its position as the 11th largest trade surplus holder with the US, alongside the threat of other countries dumping surpluses into ASEAN markets.
  • Proposed strategies include implementing standard controls against unfair trade, increasing imports of US farm, food, and energy products, and prioritizing the service sector where Thailand has a deficit.
  • Economists forecast a potential 0.35-0.4% shrinkage in Thailand's GDP, lowering this year's growth projection to 2.6-2.8%, due to these anticipated trade policies.
Read full article
Economy 1/1
Skip > Skip >