Thai Exports Unfazed by 12.5% Trump Tariff; Prior 19% Shock Eases Impact
Matichon•Economy•
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Source: Matichon (Original)
Key Quotes
"We have passed the absolute worst point when the US announced an import tariff of 19%. Now it has reduced to 10%. I think the market can still accept it."
เราผ่านจุดที่เลวร้ายสุดๆ มาแล้ว ในครั้งที่สหรัฐประกาศเก็บภาษีนำเข้าที่อัตรา 19% ขณะนี้ลดมาเหลือที่อัตรา 10% คิดว่าตลาดยังรับได้
Key Entities
Organization
The US governmental body that announced proposed tariffs and findings under Section 301 concerning forced labor.
Thai Employers' Confederation(สภาองค์การนายจ้างผู้ประกอบการค้าและอุตสาหกรรมไทย)
The organization representing employers in Thailand, whose Vice Chairman commented on trade issues.
Law
The US trade law under which the USTR conducted an investigation into forced labor practices in 60 countries.
The labor practice that is the subject of the USTR's investigation and proposed tariffs.
Labor Force Law(กฎหมายแรงงาน)
The recently mentioned US law that the US is preparing to use as a new measure to control trade with countries failing to manage forced labor.
Article 122(มาตรา 122)
The specific section of US presidential authority utilized by Donald Trump to impose a temporary 10% import tariff.
Person
Thanit Sorat(นายธนิต โสรัตน์)
Vice Chairman of the Thai Employers' Confederation who provided analysis on the impact of US tariffs on Thai exports.
Former US President who previously used executive authority to implement a 10% temporary import tariff.
Place
An ASEAN neighboring country mentioned as being in the 10% tariff group, despite potentially having more forced labor issues especially in textiles.
An ASEAN neighboring country that is part of the group of 15 countries that may face a 10% tariff.
An ASEAN neighboring country that is part of the group of 15 countries that may face a 10% tariff.
A key trade competitor of Thailand that is also included in the group of 45 countries facing a potential 12.5% tariff.