Thai finance minister to address US tariff impacts on economy
Thailand’s Finance Minister Pichai Chunhavajira is set to engage with the Bank of Thailand governor regarding the United States‘ reciprocal tariff measures ahead of his visit to the United States.
Aiming for a formal meeting with the central bank governor by tomorrow, April 17, Pichai intends to evaluate the impacts of US trade policy, global economic trends, and the US’s inclination towards protectionist measures to lure investors back to Thailand’s market.
The discussions will focus on the ramifications for the Thai baht, foreign reserves, and the country’s monetary and capital markets, according to Pichai, who also holds the position of deputy prime minister.
He mentioned that the talks will explore potential actions by the central bank to relax restrictions on commercial banks and support businesses potentially affected by the US tariff policy. Measures related to monetary easing and liquidity will also be considered.
Pichai noted that the Finance Ministry is preparing to deliberate on Thailand’s holdings in US government bonds and strategies to manage investments in US assets to mitigate long-term risks as global interest rates are expected to fluctuate.
The consultation with the central bank aims to ensure state agencies are ready to handle uncertainty with a proactive approach for the year’s second half.
Government spokesperson Jirayu Houngsub stated that Pichai, along with Commerce Minister Pichai Naripthaphan, will lead a Thai delegation in talks with the US in Washington.
The finance minister’s itinerary includes an initial visit to Seattle, where he will engage with business operators in the agricultural, industrial, and other investment sectors starting on April 17. The commerce minister will join him, and together they will proceed to Washington, DC, for discussions with the Trump administration the following day.
The White House has scheduled talks with various nations potentially facing higher tariffs, reported Bangkok Post.
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