Thailand growth to be hit by US tariffs, finance minister says
FILE PHOTO: Thailand's Finance Minister and Deputy Prime Minister Pichai Chunhavajira reacts on the day of the cabinet meeting at Thai Government House in Bangkok, Thailand, May 7, 2024. REUTERS/Chalinee Thirasupa/File Photo
BANGKOK : Thailand's economic growth could be reduced by 1 per centage point due to the imposition of U.S. tariffs, the finance minister said on Thursday.To try to maintain exports, the government will import more U.S. goods, remove tariffs on some U.S. products as well as address non-tariff barriers and taxes on U.S. goods, Finance Minister Pichai Chunhavajira told reporters.
(This story has been refiled to add the dropped word 'by' in the headline)
Source: Reuters
