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Minister of Finance Ekniti says kingdom not severely impacted by latest tariff round imposed on Friday

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Thailand is racing to soften the impact of Trump’s new tariffs after being placed in the 12.5% bracket, with Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas rushing US trade talks as June exports beat forecasts. ( Source: Thai Rath )

Bangkok is scrambling to protect Thai exports after Trump’s latest tariff blitz placed Thailand in the tougher 12.5% bracket. Ministers are rushing negotiations as Washington scrutinises forced labour, factory underuse and global trade practices.

Key facts

Summary

Thailand is scrambling to blunt the impact of a sweeping new US tariff offensive after President Donald Trump’s administration placed the kingdom among 60 trading partners facing fresh import duties.

Thailand sought to reassure exporters and investors on Friday after the United States imposed a new tariff regime on 60 trading partners, including the kingdom.

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