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Trump’s Tariffs and Trade Policies: What They Mean for Thailand

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Trump’s Tariffs and Trade Policies: What They Mean for Thailand

Experts urge Thailand to adapt to shifting global trade dynamics caused by former US President Donald Trump’s tariff policies. While a 25% tariff on steel and aluminum is expected to impact US consumers, Thailand faces minimal direct consequences. However, broader trade barriers could increase export costs and slow global economic growth. Analysts suggest Thailand should enhance competitiveness by investing in technology, forming strategic trade partnerships, and adding value to key industries like agriculture and tourism. Reducing reliance on the US dollar and strengthening negotiation strategies are also recommended.

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