Thailand has secured a new trade deal with the United States, reducing tariffs on its exports to 19% from a previously proposed 36%, putting the country on par with regional peers such as Indonesia and Vietnam. Finance Minister Pichai Chunhavajira said the agreement strengthens bilateral ties with Washington and will boost Thailand’s competitiveness in global markets.
The government expects the lower tariff to increase investor confidence, stimulate economic growth, and create new opportunities. To support local industries and farmers who may face challenges under the new trade environment, Thailand plans to introduce subsidies, soft loans, tax incentives, and regulatory reforms.
Reflecting the deal’s impact, the Finance Ministry raised its 2025 economic growth forecast slightly from 2.1% to 2.2%. The United States remains Thailand’s top trading partner, accounting for 18.3% of total exports last year, mainly in electronics and rubber, while Thailand imports crude oil, machinery, and chemicals from the U.S.
Read more: Click!
August 29, 2025
