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Thailand braces for impact, prepares countermeasures : Thai PM

Thailand braces for impact, prepares countermeasures : Thai PM

13 Sept 12:12 Key points summarised by AI
  • Thai Prime Minister Paetongtarn Shinawatra announced government measures, including negotiations and import tax restructuring, to counter the US's new 36% reciprocal tariffs on Thai exports.
  • Despite the high tariff, the PM projects a limited impact on Thailand's economic growth, citing an average 9% actual tax increase, and emphasizes maintaining GDP growth through strategic talks and tax adjustments once specific affected exports are identified.
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