Bank of Thailand Meets Industry Leaders Over Baht Strength and Trade War Fallout
TUESDAY, OCTOBER 21, 2025
Central bank governor holds first-ever consultation with manufacturers as strong baht threatens exports and tourism sectors that account for 70% of GDP
The US struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.
Trump intensifies trade war with threat of 30% tariffs on EU, Mexico
SUNDAY, JULY 13, 2025
President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major US trading partners failed to reach a comprehensive trade deal.
South India set to become global manufacturing hub amid US-China trade tensions
WEDNESDAY, JULY 09, 2025
The trade war between the US and China is likely to push South India, particularly Tamil Nadu, to become the world's manufacturing hub, according to Krungthep Turakij.
World Bank cuts Thailand's 2025 GDP growth forecast to 1.8%
THURSDAY, JULY 03, 2025
The World Bank has downgraded its forecast for Thailand's GDP growth in 2025 to 1.8%, contrary to the Bank of Thailand's (BOT) prediction of 2.3%. This revision comes in light of the ongoing trade war, which has impacted exports.
Trade war expected to continue, businesses adopt 'wait and see' approach
FRIDAY, JUNE 13, 2025
The trade war triggered by US tariff policies is expected to persist, causing businesses to adopt a “wait and see” approach, several Thai experts have said.