Analysis by an economist found the US tariffs may reduce Thailand's exports by 8.16 billion USD, and when factoring in the trade diversion effect, they could drop by 457 billion THB (14.14 billion USD) this year.
In the absence of a deal, Washington could impose a 36% tariff on all imports from Thailand as soon as July 9, compared with the 10% baseline tariff in effect now.
Several Thai products, including pet food and rice, are poised to gain a larger market share in America amid escalating US-China trade tensions, according to the Thai Trade Policy and Strategy Office (TPSO).