Thailand's Economy to Take a Hit from US Tariffs, Says Finance Minister
2025-04-03
Reuters
Thailand's economic growth is expected to slow down by 1 percentage point due to the imposition of US tariffs, according to the finance minister. The government plans to boost imports to mitigate the impact on exports, amidst concerns over global trade tensions and economic instability. With the US-China trade war escalating, Thailand's export-led economy is likely to face significant challenges, including reduced demand and increased competition. The finance minister's warning highlights the need for the country to diversify its trade relationships and invest in emerging industries, such as e-commerce and digital trade, to stay competitive in the global market and minimize the effects of US tariffs and trade volatility.
