Story perspectives

Thailand Faces Critical Deadline on US Tariff Negotiations

7/19/2025

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Summary

Story summary

Thailand has a crucial two-week deadline to negotiate US tariffs, risking significant economic impact.
SCB CEO Kris Chantanotoke stresses a 10% tariff gap is essential for competitiveness within ASEAN.
Bangkok Bank's Kobsak Pootrakool identifies three potential damages: export sector, protected economy, and long-term risks.
Proposed solutions include a 0% tariff or a compromise at 25% to reduce competitive disadvantages.
Thailand's economy is projected to grow only 1.5% this year, raising recession concerns.

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Story summary

Thailand has a crucial two-week deadline to negotiate US tariffs, risking significant economic impact.
SCB CEO Kris Chantanotoke stresses a 10% tariff gap is essential for competitiveness within ASEAN.
Bangkok Bank's Kobsak Pootrakool identifies three potential damages: export sector, protected economy, and long-term risks.
Proposed solutions include a 0% tariff or a compromise at 25% to reduce competitive disadvantages.
Thailand's economy is projected to grow only 1.5% this year, raising recession concerns.