Thailand is preparing more than 40 billion baht ($1.22 billion) in measures to mitigate the impact of U.S. tariffs, a deputy finance minister said on Wednesday. The central bank should also ease monetary policy further,

President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.

The majority of the new tariffs announced on Monday closely reflect the rates proposed by President Donald Trump in April.

US stocks closed little changed despite Trump's tough tariff talk. Copper climbs to record high after Trump threatens to slap 50% levy on imports.

To avoid steep U.S. tariffs, Thailand aims to cut its trade surplus with the U.S. by 70% in five years, seeking balanced trade within eight. Finance Minister Pichai Chunhavajira targets a tariff rate of 10% to 20%,

As the end of the pause of what US President Donald Trump calls "reciprocal" tariffs is looming, businesses in Thailand are bracing for it. If the pause ends, Thailand will be slapped with 36 percent levies as Trump initially announced.

Nintendo lists Cambodia as one of its main manufacturing sites while Apple appears to use two contract manufacturers with factories in Thailand.

The Trump administration has announced new reciprocal tariffs on Southeast Asian countries to address origin washing in supply chains. This move adds complexity to the manufacturing decisions of Taiwanese printed circuit board (PCB) companies as they navigate evolving tariff disparities.