Silver jewellers hopeful after 19% US tariff rate

Silver jewellers are feeling relieved about potential production relocation following the US tariff rate for Thai goods being set at 19%, lower than that of key competitors.

- SOMHATAI MOSIKA

Sidthisak Limvatanayingyong, president of the Thai Silver Exporters Association, said the 19% tariff rate for Thai products, including silver jewellery, is much less than key competitor India, which faces a 50% reciprocal tariff.

“We are not as worried about production base relocation because Thailand's tariffrate offers an advantage compared with India. Our key concern now is the economic slowdown, which directly impacts consumer spending across the world,” he said.