BANGKOK — U.S. President Donald Trump’s tariff policy will damage Thailand’s key business sectors, from autos to food processing and agriculture, potentially causing a loss of up to 800 billion baht ($24 billion) to the local economy, according to the head of an influential local business group.
That amount is equivalent to about 4% of the country’s gross domestic product, which was worth about 19.8 trillion baht in 2024, and will thus weigh on its economic outlook. Thailand’s GDP grew 2.5% last year, and the government’s National Economic and Social Development Council expects a growth range of 2.3% to 3.3% in 2025.
