Source link : https://asia-news.biz/asia/thailand/thailand-may-need-15-billion-of-stimulus-to-cope-with-us-tariffs-minister-says-reuters/
In a bid to navigate the turbulent waters of international trade,Thailand’s government is contemplating a considerable financial stimulus package estimated at $15 billion.This move comes as the Thai economy grapples with the implications of rising tariffs imposed by the United States, which threaten to disrupt key sectors adn dampen growth prospects.speaking at a recent press conference, a senior minister highlighted the urgent need for economic measures to bolster local industries and safeguard jobs. As global trade tensions continue to escalate, Thailand finds itself at a crossroads, requiring strategic interventions to maintain stability and competitiveness in a rapidly shifting marketplace. This article delves into the potential ramifications of these tariffs, the proposed stimulus plan, and the broader impact on the Thai economy.
Thailand Faces Economic Challenge as US Tariffs Weigh Heavily on Exports
Thailand’s economy is currently grappling with meaningful challenges as the effects of increased tariffs imposed by the United States start to reverberate through its export-driven markets. As exports form a critical component of Thailand’s gross domestic product (GDP), the rise in tariffs could result in a substantial slowdown in trade, affecting various sectors. To navigate this economic turbulence, Thai officials have indicated that the country may require a stimulus package estimated at $15 billion to support affected industries and stimulate growth.
Several…
—-
Author : Sophia Davis
Publish date : 2025-04-24 22:52:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8