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Thai auto sector frets over planned US tariffs
Bangkok Post
|March 28, 2025
Car exports are already slumping
The US's announcement of a 25% tariff on automobiles has triggered fresh concerns over the sluggish Thai automotive industry as analysts worry about the short-term impact and longterm export uncertainties.
The new tariff, announced yesterday by US President Donald Trump, is scheduled to take effect on April 2, while auto parts shippers can expect to face new duties no later than May 3, according to media reports.
"We are really concerned about Trump's policy and will monitor the impact," said Surapong Paisitpatanapong, vice-chairman of the Federation of Thai Industries and spokesman for the federation's Automotive Industry Club.
The announcement came as car exports slowed during the first two months this year, with the volume plunging by 18.1% year-on-year to 143,644 units, according to the club.
Last month, car exports fell by 8.34% to 81,323 units.
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