Thailand, tariffs
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Trump says 50% copper tariff to take effect Aug. 1
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Trump, tariff
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Thailand is preparing more than 40 billion baht ($1.22 billion) in measures to mitigate the impact of U.S. tariffs, a deputy finance minister said on Wednesday. The central bank should also ease monetary policy further,
America is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, Treasury Secretary Scott Bessent said.
Malaysia will continue negotiations with the US on a lower tariff rate despite being the only Southeast Asian country to face an opposite outcome based on US President Donald Trump’s latest announcement.
As the end of the pause of what US President Donald Trump calls "reciprocal" tariffs is looming, businesses in Thailand are bracing for it. If the pause ends, Thailand will be slapped with 36 percent levies as Trump initially announced.
BANGKOK: Industry body warns of up to 900 billion baht in losses, urges Bangkok to accelerate economic reforms and bolster trade competitiveness
President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Wednesday posted to social media six letters,
US President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug 1.
SINGAPORE] Malaysia and Thailand are the economies in Asean that are set to take the biggest hit from tariffs announced by US President Donald Trump on Monday (Jul 7), according to analysts. Read more at The Business Times.