It has the highest direct exposure to US demand amongst all Asian economies studied
The newly imposed 24% tariff by the US on Malaysia may initially disrupt export flows, but the country has a competitive edge over major palm oil producers, according to the Malaysian Palm Oil Board (MPOB).
Thailand's high-value products exported to the US would be impacted by the reciprocal tariff, causing 880 billion baht in damage to Thailand, the Commerce Ministry said on Friday.
The US announcement of reciprocal tariffs has sent shockwaves through the global market, with Thailand's GDP growth potentially falling below 2% this year.
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year.
Thailand forms a panel to handle potential US tariffs. Talks may follow if Trump targets Thai exports due to trade surplus.
Thailand could suffer a US$7 billion to US$8 billion (RM31.1 billlion to RM35.6 billion) hit from potential US tariffs if the US administration were to even up levies between the two countries, but it has a strategy for trade negotiations, senior officials said on Wednesday.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
