The Thai parliament has held an urgent debate to explore solutions for mitigating the impact of the US reciprocal tariff. Meanwhile, the government has unveiled its five key measures in response to the tariff.

Thailand faces a 37% tariff rate on all exports to its largest market, the US, following the announcement of global ‘reciprocal tariffs’, putting its economy at risk of a 1% loss of GDP. Simultaneously, a surge in Chinese imports looking for new markets is adding pressure, raising concerns about exacerbated economic strain.

<div> <div>In the long run, Donald Trump’s protectionist policies may put an end to the Trans-Pacific Partnership, resulting in what could be a huge drop in Thai exports, says Thailand’s Commerce Minister.</div> </div> <div>&nbsp;</div> <div style="text-align: center;"><img alt="" src="http://waterfordwhispersnews.com/wp-content/uploads/2015/08/a.000.jpg" style="width: 640px; height: 377px;" /></div> <div>&nbsp;</div> <div> <div>On 9 November 2016, Apiradi Tantraporn, Thailand’s Minister of Commerce, congratulated the new US President-elect Donald J. Trump on his victory. </div></div>

<div>&nbsp;</div> <div>Economists have expressed positive sentiments towards economic growth in Thailand after the military intervention. They lauded the military’s swift clamp down on corruption and recalibrated focus on the economy. The military’s actions have facilitated a better environment for growth and bolstered investors’ confidence.&nbsp;</div> <div>&nbsp;</div> <div>On Wednesday, the Institute of Security and International Studies (ISIS), Chulalongkorn University, organized a public forum titled “The Macroeconomic Impact of Thailand’s Military Intervention”. </div>