Very high degree of uncertainty in Thailand over US tariffs, central bank chief says

Reuters

Thu, May 8, 2025, 11:19 PM 1 min read

BANGKOK (Reuters) -The effect connected Thailand from the United States' tariff argumentation volition beryllium prolonged, with a precise precocious grade of uncertainty implicit the imaginable impact, its cardinal main slope said connected Friday.

The interaction volition beryllium much wide successful the 2nd fractional of the year, Bank of Thailand Governor Sethaput Suthiwartnarueput told a property briefing.

Thailand is among the Southeast Asian nations hardest deed by U.S. President Donald Trump's commercialized measures and is facing a 36% tariff if a simplification cannot beryllium negotiated earlier a planetary moratorium expires successful July.

The United States was Thailand's largest export marketplace past year, accounting for 18.3% of full shipments, oregon $54.96 billion. Washington has enactment its shortage with Thailand astatine $45.6 billion.

The manufacturing assemblage volition beryllium deed the hardest, but the interaction volition not beryllium arsenic atrocious arsenic during the pandemic, Sethaput said, adding determination were besides concerns implicit a flood of imports into Thailand from diverted trade.

(Reporting by Orathai Sriring, Kitiphong Thaichareon and Chayut Setboonsarng; Editing by Martin Petty)