With trade tensions exacerbated by the US's reciprocal tariffs, key business sectors are calling on the Thai government to prioritise negotiations with Washington during the 90-day pause, as the nation is expected to be one of the hardest hit from the tariff rate of 36%, which is significantly higher than the regional and global average. In the short term, if the tariffs are implemented, he said the majority of these two companies' customers are likely to delay placing new orders during the second quarter, until the direction of the Thai government's negotiations becomes clearer. As a former president of the Tourism Association of Koh Samui and a business owner in Surat Thani, Mr Ratchaporn said the US tariffs have already affected the rubber industry in the southern provinces, a major industry there along with tourism.
Author: Post Reporters
Published at: 2025-04-20 22:06:00
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