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8 Jul 2025

Thai Economy

36% reciprocal tariff further pressures Thai economy; GDP growth at risk of falling below 1.4% (Business Brief No.4171 Full Ed.)

คะแนนเฉลี่ย

  • Thailand faces a 36-percent US tariff, higher than those imposed on Vietnam, Malaysia, Indonesia, Japan, and South Korea. However, this 36-percent rate remains negotiable, depending on trade and non-trade conditions that are acceptable to the US.
  • If Thailand is ultimately hit with the 36-percent levy, it risks losing US market share to other regional countries with lower tariff rates. Additional impacts from sector-specific tariffs under Section 232 also warrant close monitoring.
  • Moreover, Thailand’s 2025 GDP growth is at risk of falling below 1.4 percent. Close attention must be paid to the outcome of Thailand’s attempts to renegotiate with the US, as well as US-China trade talks after the end of the 90-day tariff pause.

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Thai Economy

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