A BANK of Thailand Monetary Policy Committee member suggested Thailand urgently set up a “war room” to cope with a raft of punishing tariffs US President Donald Trump announced earlier today (Apr.3) targeting countries around the world with Thailand hit with 36%, Naewna newspaper said. Dr. Santitarn Sathienthai, who is also an adviser on
Tag: tariffs
Analysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of
Read moreTrump announces 10% tariff on all imports, with higher rates for some trading partners
By AFP and published by CNA Washington – US President Donald Trump on Wednesday (Apr. 2) unveiled a raft of punishing tariffs targeting countries around the world including some of its closest trading partners, in a move that risks sparking a ruinous trade war. Thailand has been hit with a 36 percent reciprocal tariff. Speaking
Read moreThailand may see hit of up to $8 billion from US tariffs, says official
By Reuters and published by CNA THAILAND could suffer a $7 billion to $8 billion hit from potential US tariffs if the US administration were to even up levies between the two countries, but it has a strategy for trade negotiations, senior officials said today (Apr. 2). Thai semiconductor exports may face tariffs of
Read moreGlobal automakers say Trump’s tariffs will be painful for them and US consumers
By AP and published by Yahoo!Finance Frankfurt, Germany – Whatever domestic economic gain comes from US President Donald Trump’s new 25% tax on imported cars – and experts are sceptical – automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world’s largest
Read moreTrump places 25% tariff on imported autos
By AP and published by Canadian Press and Yahoo!News Washington– US President Donald Trump said on Wednesday (March 26) he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will
Read moreFed holds interest rates steady amid high uncertainty about Trump tariffs
By Reuters and published by CNA Washington – The US central bank held interest rates steady on Wednesday (March 19), and while its policymakers indicated they still expect to reduce borrowing costs by half a percentage point by the end of this year, Federal Reserve Chair Jerome Powell made it clear they would wait
Read moreAsian countries in the crosshairs of Trump tariffs
By Reuters and published by Yahoo!Finance and Naewna newspaper AS US President Donald Trump’s new trade tariffs on China, Mexico and Canada kick off, sparking another trade war, countries in Asia’s complex and integrated global supply chain are in the crosshairs. The following graphics illustrate Asia’s exposure to US tariffs on China and the
Read moreThai business group urges action from government amid ‘panic’ over US trade policy
By Reuters and published by CNA THE Thai Chamber of Commerce on Thursday (March 6) urged action from the government over US trade policy uncertainty and proposed it creates a “war room” to head off any threat of tariffs by the Trump administration. The chamber said its panic over US trade policy was justified
Read moreTrump unveils ‘reciprocal tariffs’ plan targeting friends and foes
By AFP and published by CNA Washington – US President Donald Trump inked plans on Thursday (Feb. 13) for sweeping “reciprocal tariffs” that could hit both allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home. Since taking office, Trump has announced a broad
Read moreChina’s tariffs slam door shut on Australian wine’s biggest export market
By Michelle Toh, CNN Business Hong Kong: Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market. Beijing’s decision last week to impose tariffs of up to 212% on Australian wine imports has endangered business with
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