US EditionThailand may see hit of up to $8 billion from U.S. tariffs, says official
- On Wednesday, senior officials stated Thailand might suffer a $7 to $8 billion hit from potential U.S. tariffs.
- President Trump's planned announcement of new trade barriers prompted Thailand to strategize trade negotiations.
- Thailand's semiconductor exports may face 25% tariffs, and overall, Thailand collects about 11% higher tariffs than the U.S.
- Vuttikrai Leewiraphan said Thailand collects tariffs about 11% higher than the U.S., potentially causing $7-8 billion losses.
- To avoid tariffs and narrow its trade surplus, Thailand will increase imports of items like corn and crude.
14 Articles
14 Articles
Major change for all Brits heading on Thailand holidays from May - The Mirror
Thailand is soon introducing a change that will impact all travellers heading to the country and involves visitors giving personal details online at least three days before entering the country
Thailand Pledges to Buy More Energy From the U.S.
Thailand has become the second Asian nation to promise to buy more U.S. energy commodities in a bid to avoid tariffs in as many days. Vietnam earlier this week did the same as import tariffs loom over all U.S. trade partners that have a surplus with Washington. The Thai government has estimated that an additional import tariff of 11% from the United States would lead to a hit of $8 billion for the state coffers, Bloomberg has reported, which mot…
Thailand may see hit of up to $8 billion from US tariffs
Thailand could suffer a US$7 billion to $8 billion hit from potential US tariffs if the US administration were to even up levies between the two countries, but it has a strategy for trade negotiations, senior officials said on Wednesday.
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