Kosol-Ampa frets over trade barriers

Despite the 19% US tariff on Thai goods, sauce manufacturer Kosol-Ampa Co Ltd is concerned about potential trade uncertainties, including barriers imposed on Brics member countries.

- KUAKUL MORNKUM

Although Thailand is only a Brics partner country, Krit Kongchayasukkawat, deputy managing director of Kosol-Ampa, based in Chon Buri province, is concerned some countries might add trade barriers for Brics countries, which would impact Thai exports.

Last year exports accounted for 40% of the company’s sales.

The US is the main export market, accounting for 47% of export sales in 2024, followed by Australia, New Zealand, Europe and Canada.

The 19% tariff on Thai goods may increase retail prices in the US by US$1-2 per bottle, and the company expects higher prices to impact American retail consumers.