Auto sector urged to brace for impact of US tariffs

The local automotive industry must prepare for the impact of US recipr-ocal tariff rates for specific industries starting next month, which could pile on further pres-sure on the sector, according to Kasikorn Research Center (K-Research).

- SOMRUEDI BANCHONGDUANG

The research house said US President Donald Trump remains committed to implementing new reciprocal tariff rates on April 2.

This move is expected to escalate global trade tensions and affect various Thai industries, including the autom-otive sector.

As a result, all relevant stakeholders in the government and private sectors should monitor developments and strategise accordingly to navigate the challenging trade environment, said Burin Adulwattana, managing director of K-Research.

Burin Adulwattana, managing direc-tor of K Research.