Bangkok: The Bank of Thailand (BOT) has announced that tariffs are expected to slow down the economy until early next year, with exports projected to decline by 4% in the second half of this year and by 2% next year. The BOT refrained from confirming …
Bangkok: The National Swine Raisers Association has reiterated its opposition to opening the US pork import market, warning the government against using it as leverage in tax reduction negotiations with the United States. The association emphasized th…
Bangkok: UOB Thailand has released the UOB Business Outlook Study 2025, reflecting the adaptation approach of Thai businesses amid the challenges of the US import tariffs and uncertainty in the global supply chain. It indicated that Thailand will be affected by 36% tariffs in three waves and would like to
Washington: US President Donald Trump has announced a significant 36% tax on imports from Thailand, effective August 1, 2025. The announcement was made through a letter posted on Truth Social, where Trump confirmed the imposition of the tariff while leaving room for negotiations if Thailand agrees to lift its tariffs
Bangkok: The investor confidence index has been adjusted down to the ‘sluggish’ level due to pressure from the Thai political situation and international conflicts. Investors are hoping that the Fed’s policies and economic stimulus measures will help …
Bangkok: Plastic industry group ready to cooperate with government to find a solution to the 36% tax, worried about order cancellations. Mr. Thititham Pongpanangam, Chairman of the Plastics Industry Club, Federation of Thai Industries (FTI), stated that the impact of the United States’ decision to impose a 36% tax on
Bangkok: Thai stocks experienced volatility after the announcement that the United States would maintain a 36% retaliatory tariff on Thai goods, effective August 1. Analysts suggest that this move by the US may be a strategy to pressure Thailand into …
Bangkok: The Federation of Thai Industries (FTI) pointed out that the 36% tax rate is higher than Malaysia and Vietnam, reflecting that Thailand is at a competitive disadvantage. It estimates the damage to the value of Thai exports at 800-900 billion baht. It believes that the additional proposals that Thailand