CosmicTaco

Thailand Faces $8 Billion Hit from U.S. Tariffs

CosmicTaco · 2025-04-03T10:57:09.188182+05:30

- Thailand could suffer a $7 billion to $8 billion loss from potential U.S. tariffs if levies are evened up between the two countries. - Thai semiconductor exports may face tariffs of 25% from the United States, according to top commerce ministry official Vuttikrai Leewiraphan. - Thailand collects tariffs about 11% higher than the U.S. in agriculture and industrial sectors, which could lead to significant losses. - To avoid tariffs, Thailand plans to increase imports of corn, soybeans, crude, and ethane to narrow its trade surplus with the U.S. - Thailand is ready for trade negotiations and has invested $17 billion in the U.S., employing 11,000 people across various sectors. Source: [Channel Newsasia](https://www.channelnewsasia.com/business/thailand-may-see-hit-up-8-billion-us-tariffs-says-official-5038966), [Channel Newsasia](https://www.channelnewsasia.com/business/thailand-may-lose-up-8-billion-potential-us-tariffs-says-official-5038966)

Thailand could suffer a $7 billion to $8 billion loss from potential U.S. tariffs if levies are evened up between the two countries.
Thai semiconductor exports may face tariffs of 25% from the United States, according to top commerce ministry official Vuttikrai Leewiraphan.
Thailand collects tariffs about 11% higher than the U.S. in agriculture and industrial sectors, which could lead to significant losses.
To avoid tariffs, Thailand plans to increase imports of corn, soybeans, crude, and ethane to narrow its trade surplus with the U.S.
Thailand is ready for trade negotiations and has invested $17 billion in the U.S., employing 11,000 people across various sectors.

Source: Channel Newsasia, Channel Newsasia