Thai Industry Council Reveals Industrial Impact After Trump's 10% Tariff Increase

Kriangkrai Thiangnukul, Chairman of the Federation of Thai Industries (FTI), discussed the international trade situation following the US Supreme Court's 6-3 majority decision regarding President Donald Trump's reciprocal tariff powers. The decision clarified that such tax collection is not a direct presidential authority and must be immediately terminated. After the ruling, Trump shifted to use alternative legal provisions, recently announcing Section 122 under the 1974 Trade Act to impose a 10% global tariff on imported goods. This measure has a 150-day limitation, expiring around July 2026, and requires Congressional approval for extension. The FTI identified two primary export impact groups: those fully affected by the 10% tariff (including electronics, automotive parts, electrical appliances, and jewelry) and those exempted (such as agricultural and seafood products). Key industries like electronics and automotive sectors will face significant competitive challenges, while agricultural exports might find some breathing room.