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Thai Finance Minister to Discuss US Tariffs and Economic Strategy


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Finance Minister Pichai Chunhavajira | Photo via spacebar.th

 

Thailand's Finance Minister, Pichai Chunhavajira, plans to meet with the Bank of Thailand governor to address the implications of recent US reciprocal tariff measures. As he prepares for his trip to the United States, Pichai aims to assess how American trade policies, marked by a tilt towards protectionism, could affect Thailand's economy.

 

Scheduled to meet the central bank governor by April 17, Pichai will examine how global economic trends and US policies may impact aspects like the Thai baht, foreign reserves, and domestic financial markets. Pichai, also serving as Deputy Prime Minister, highlighted potential central bank strategies to support enterprises possibly harmed by new US trade tariffs. Discussions may cover loosening commercial bank restrictions and implementing monetary policies to sustain liquidity.

 

Further, Pichai emphasised the need for the Finance Ministry to strategize around Thailand's US government bond holdings, and to devise investment plans to guard against risk amid anticipated global interest rate volatility.

 

 

 

The dialogue with the central bank is part of a broader effort to equip governmental bodies to tackle economic uncertainties, particularly during the latter half of the year.

 

Accompanying Finance Minister Pichai, Commerce Minister Pichai Naripthaphan will join the Thai delegation's talks in the US. Their agenda starts in Seattle on April 17, engaging with business leaders across key sectors such as agriculture and industry. They will later proceed to Washington, DC, for discussions with members of the Trump administration, aligning with the White House schedule addressing potential increased tariffs affecting multiple nations, reported The Thaiger.

 

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-- 2025-04-16

 

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