Bangkok: The new 19 percent tariff the United States (US) imposed on Thai goods, effective today, represents a win-win outcome to preserve Thailand’s export base and ensures long-term economic stability. Government spokesperson Jirayu Huangsap announced that the Thai government had successfully negotiated and concluded an import tariff agreement with the US.

According to BERNAMA News Agency, Jirayu emphasized that this development marks another significant achievement and reflects a balanced approach that safeguards Thailand’s export base while supporting sustainable economic growth. The new rate is significantly lower than the previous 36 percent and is comparable to those applied to Vietnam, the Philippines, and Japan.

“This revised rate helps maintain Thailand’s competitiveness within ASEAN, where several countries had already secured similar agreements with the US,” Jirayu added. He highlighted that the outcome underscores Thailand’s capacity to assert itself on the global trade stage amid the ongoing shifts in international trade policy.

A presidential order issued by the White House on July 31 stated that Thailand, along with four other ASEAN member states-Malaysia, Cambodia, the Philippines, and Indonesia-will be subject to the same 19 percent tariff, effective August 1. This new rate replaces the 36 percent tariff announced in April, aligning Thailand’s tariff treatment more closely with regional economies.

The US was Thailand’s largest export market for goods last year, accounting for over 18 percent of the country’s total shipments, which were estimated at US$54.96 billion. In 2024, Thailand’s top exports to the US included computers, teleprinters, telephone sets, and rubber products. Its main US imports consisted of crude oil, machinery and parts, and chemicals.