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U.S. Imposes Tariffs of up to 972% on Thai Solar Cells, Pressuring Exports to Contract Near Zero by 2026
On April 21, 2025, the U.S. imposed high anti-dumping and countervailing duties on Thai solar panel exports, leading to anticipated declines in Thailand’s market share. To mitigate impacts, manufacturers should diversify markets and adapt strategies amid changing trade dynamics.
MPC Cuts Policy Rate as Expected; SCB EIC Expects Two More Cuts to 1.25% by Year-End
The MPC cut Thailand’s policy rate by 0.25% to 1.75% due to economic slowdown risks from U.S. trade policies and lower tourism. Economic growth projections are weakened under two scenarios, emphasizing the need for accommodative monetary policy amidst global trade tensions.
