Thai govt urged to form special team to cope with Trump’s trade policies

Thailand stands out to be affected by the new US tariffs as it enjoys a trade surplus with the US, estimated at US$29 billion in 2023 and US$45.6 billion in 2024.

Chairman of the Thai Chamber of Commerce and Board of Trade, said that Thailand is at high risk of import tariffs being increase by the Trump administration, because it has the 11th highest trade surplus with the US, up from the 12th place last year.

Moreover, he said that the trade policies of the Trump administration may force several exporting countries to dump their surpluses onto ASEAN markets, including the Thai market, which will put more pressure on Thai products, such as electronics, electrical appliances, automobiles, farm produce and processed agricultural products. To prevent this, the Chairman suggests that the government imposes standard controls and measures against unfair trade.