Economy
Expert Warns of Potential 31.5% US Tariff Burden on Thai Goods
Dr. Ath Pisalvanich warns that Thai exports could face a cumulative 31.5% tariff rate if new US trade measures are combined with existing labor-related duties.
According to a report by Prachachat Business, Dr. Ath Pisalvanich has analyzed the potential economic impact of upcoming trade negotiations between Thailand and the United States. The concern centers on the possibility of Thailand facing a cumulative tariff burden of 31.5% on its exports to the US market.
This figure is derived from a combination of a 19% base reciprocal tax rate and an additional 12.5% duty linked to Section 301 investigations regarding forced labor practices. Dr. Ath suggests that the Thai government must prioritize negotiations to ensure that the total combined tax rate does not exceed the 19% threshold to maintain the competitiveness of Thai products.
For residents and business owners in Thailand, this development highlights potential volatility in export-dependent sectors, which could influence local market prices and employment stability. While these figures represent an expert assessment of a worst-case scenario, the actual outcome remains subject to ongoing diplomatic and trade discussions. It is not yet confirmed how the US administration will finalize these tariff structures or if Thailand will successfully secure a lower negotiated rate. Stakeholders are advised to monitor official government announcements regarding the status of the ART (Reciprocal Tax Agreement) and any subsequent trade policy adjustments.