Thailand's Economic Stimulus Amid U.S. Tariff Challenges
Thailand announces a substantial 18.5 billion baht economic stimulus plan in response to U.S. tariff impacts and compensation for families affected by recent border conflicts. The measures aim to bolster economic competitiveness and assist students, with ongoing talks for a joint statement with the U.S. on trade issues.
In response to the U.S. setting a 19% tariff on Thai imports, Thailand has unveiled an 18.5 billion baht stimulus package aimed at supporting the economy.
The Deputy Finance Minister, Julapun Amornvivat, highlighted the government's ongoing commitment to enhance economic competitiveness and support student loans, using available funds for wider relief efforts.
Moreover, steps have been taken to address the repercussions of last month's border conflict with Cambodia, including financial compensation for affected families.
(With inputs from agencies.)
- READ MORE ON:
- Thailand
- economy
- stimulus
- tariffs
- import
- U.S.
- compensation
- government
- Cambodia
- border conflict
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