Economy
Thai Exports Face New US Tariff Scrutiny
Thailand's Ministry of Commerce reports that while 2,120 Thai products remain exempt, key exports like rice, tuna, and shrimp face a potential 12.5% US tariff under Section 301.
According to a report by Prachachat Business, the Thai Ministry of Commerce has analyzed the potential impact of US trade measures under Section 301. While there is widespread concern regarding a proposed 12.5% tariff—to be applied on top of existing Most Favored Nation (MFN) rates—the ministry’s data suggests the impact is not uniform across all sectors.
Specifically, the analysis indicates that 2,120 Thai products are currently exempt from these additional duties. However, major agricultural and seafood exports, including rice, tuna, and shrimp, are identified as being subject to the 12.5% levy.
For residents and travelers, this development is significant as it may influence the pricing and availability of these staple goods in international markets, potentially affecting the broader Thai economy and export-related industries. While the ministry has provided a breakdown of affected versus exempt items, the full scope of the economic impact remains to be confirmed as trade negotiations and policy implementations evolve. Stakeholders are advised to monitor official government updates for further clarity on how these tariffs might affect specific supply chains and consumer costs.