Thai Chamber of Commerce says 12.5% US tariff won't significantly impact competitiveness

Macro
โดย InfoQuest·Read original
Summary · why it matters

The Thai Chamber of Commerce and the Board of Trade of Thailand stated that the 12.5% tariff imposed by the United States on Thailand under Section 301 will not significantly affect competitiveness, as most competitor countries face similar impacts. Chairman Poj Aramwattananont said that countries receiving slightly lower tariff rates may have some advantage, but the gap is not wide enough to be concerning. He emphasized that the US places importance on forced labor issues and overcapacity, noting that Thailand has no systemic forced labor problems but must accelerate relevant legislation to build confidence. The Thai Chamber of Commerce is ready to support the government with information in negotiating reciprocal trade agreements to rebalance trade, and to use this opportunity to upgrade labor standards and supply chain transparency to enhance long-term competitiveness.

Impact on stocks 0