US 12.5% Section 301 tariff puts ฿1tn in Thai exports at risk

11 Sept 16:29 Key points summarised by AI

The United States imposed a 12.5% import tariff under Section 301 on Thai exports, effective July 24, threatening over 1 trillion baht in trade for the latter half of the year.
This tariff was enacted due to Thailand's alleged failure to effectively enforce prohibitions against goods produced using forced labor, which could create unfair cost advantages.
The measure impacts nearly all Thai product categories exported to the US, particularly electrical appliances and electronic components, potentially reducing full-year export growth to 6-7%.
Experts urge the Thai government to expedite negotiations for product exemptions, enhance supply chain auditing for labor compliance, and offer financial support to vulnerable exporters to mitigate the impact.

European protests could raise costs for Thai exporters

Yesterday 17:46 Key points summarised by AI

The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.