Thailand’s Economy Faces Quake Losses, US Tariff Risks
Thailand's economy faces dual challenges from earthquake-related disruptions and potential U.S. tariffs. The recent quake has led to a drop in foreign tourist arrivals and a decline in manufacturing, with authorities closely monitoring the impact. Meanwhile, Thailand risks losing $7-8 billion in exports if the U.S. imposes tariffs, particularly semiconductors.
To mitigate this, the country is considering increasing imports of American goods to balance trade. As Thailand navigates these economic pressures, how should it adapt to ensure long-term stability?