Thailand has launched a USD 15 billion economic stimulus package aimed at strengthening its export-driven economy against rising global challenges, particularly new tariffs imposed by the United States. Unlike previous short-term relief measures, this plan focuses on long-term investments to improve competitiveness, boost domestic growth, and build resilience to external shocks.
New U.S. tariffs of up to 25% on goods such as semiconductors, automotive parts, electronics, and agricultural products could reduce Thailand’s export revenue by USD 7–8 billion annually. With the U.S. accounting for over 18% of Thai exports, these measures may lead to lower factory orders, strained supply chains, and job losses. In response, Thailand plans to negotiate for tariff adjustments, increase imports from the U.S. to reduce the trade surplus, and expand trade partnerships to reduce dependence on vulnerable sectors.
The USD 15 billion package is built on four main pillars. The first supports infrastructure investment in transportation, energy, and digital networks to modernize the economy. The second focuses on small and medium enterprises, improving access to credit and markets. The third helps businesses shift to new markets and products, reducing exposure to global trade risks. The fourth supports tourism recovery through upgraded infrastructure and targeted marketing to attract higher-spending visitors.
By combining domestic investment with international trade adjustments, Thailand aims to protect key industries, maintain economic stability, and position itself for sustainable growth amid increasing global uncertainty.
(Source: Thailand Business News)
