Thailand braces for uncertainty of Trump's tariff roulette after court ruling

13 Sept 09:16 Key points summarised by AI

The US Supreme Court invalidated many of Trump's prior tariffs, but he immediately reinstated new 15% tariffs, signaling persistent trade aggression and global market volatility.
Thailand faces renewed pressure as US tariffs target its key export sectors, compelling its government to navigate complex trade talks and consider market concessions to protect its trade surplus.
Thai policymakers confront a dilemma between safeguarding local farmers' interests and opening agricultural markets for cheaper raw materials, crucial for developing higher-value exports amid US trade demands.
The Trump administration retains various legal powers to impose additional tariffs, ensuring continued unpredictability and forcing Thailand to adapt its export strategies to an unstable trade environment.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.