TCC Warns of Potential Economic Losses Due to Trump’s Trade Policies

The Thai Chamber of Commerce (TCC) has advised Thailand to maintain a neutral stance in global trade, cautioning that the trade policies of US President-elect Donald Trump could lead to significant economic repercussions for the country. TCC president Sanan Angubolkul indicated that these policies might result in a potential loss of 160 billion baht for the Thai economy.

Impact on Thai Exports and Key Industries

Concerns Over Export Declines

Sanan highlighted that Trump’s trade policies are expected to adversely affect Thai exports, particularly in sectors where Thailand currently enjoys a trade surplus with the US. Key products at risk include hard-disk drives, semiconductors, tyres, air conditioners, and solar cells.

Broader Economic Implications

The manufacturing, construction, and agriculture sectors could face significant challenges due to the anticipated barriers imposed by Trump’s administration. Sanan emphasized the need for Thailand to adapt its trade strategies in light of these developments.

Opportunities Amidst Challenges

Potential for Foreign Investment

Despite the challenges posed by Trump’s 60% import tariff on Chinese goods, Sanan noted that this could lead to an influx of Chinese products into the Thai market. While this may provide consumers with cheaper options, it could severely impact local manufacturing and service sectors.However, he also pointed out that the relocation of production bases from China to Thailand could present an opportunity for attracting foreign investment.

Economic Forecasts and Trade Partnerships

Projected Economic Losses

Sanan predicts that Trump’s trade policies could trigger an initial drop in Thai exports by 1.03%, resulting in a 0.59 percentage point decline in Thailand’s gross domestic product (GDP).

Expanding Trade Relationships

To bolster economic growth, TCC has recommended expanding trade and investment partnerships with countries like India and forming closer ties with Vietnam. Sanan stressed the importance of proactive and passive policies alongside public-private collaboration to navigate these challenges effectively.

Monitoring the Trade Landscape

Potential Trade War Concerns

The Federation of Thai Industries (FTI) has urged close monitoring of the potential trade war stemming from Trump’s presidency. FTI president Kriengkrai Thiennukul warned that Thailand’s trade surplus might make it a target for US tariffs, which could also lead to an appreciation of the baht.

Investment Volatility

Kriengkrai expressed concerns regarding investment volatility due to Trump’s policies aimed at attracting investments back to the US through corporate tax reductions. He cautioned that these changes could adversely affect Thailand’s economic landscape.

Risks Associated with BRICS Partnerships

Kriengkrai noted that Thailand’s partnership with BRICS—a bloc that includes China—could expose it to US trade barriers. He emphasized the need for Thailand to maintain a robust domestic industry while simultaneously attracting foreign investments.

Strategic Adaptation Required

As Thailand navigates potential economic challenges arising from international trade dynamics, maintaining a neutral stance while fostering strategic partnerships will be crucial. The TCC’s recommendations highlight the importance of adaptability and proactive measures in ensuring sustainable economic growth amidst global uncertainties.

Two Exciting Stamp Sets Announced for 2025

The Thai Stamp Museum has unveiled plans to release two sets of collectible postage stamps for 2025, showcasing a drawing by Her Royal Highness Princess Maha Chakri Sirindhorn and designs inspired by “The Little Prince” by Antoine de Saint-Exupéry.

First Set: Year of the Snake Stamps

Details of the Princess Maha Chakri Stamp

The first set consists of 10 stamps, each with a face value of 3 baht. These vertical stamps feature a charming drawing of three snakes created by the Princess, along with her signature. This release marks the 11th edition in the Princess’s Year of Zodiacs series, which has been issued annually since 2015.

Design and Significance

This year coincides with the Chinese Year of the Snake, and the Princess’s artwork includes three little snakes in green, pink, and yellow, accompanied by the caption, “won’t take fish, but snakes.” The Princess expressed her desire for Thais to engage in deeper learning rather than superficial understanding, referencing a Thai idiom about learning.

Second Set: Celebrating ‘The Little Prince’

National Children’s Day Release

The second set of stamps will be released on National Children’s Day, January 11, featuring two unique designs based on “The Little Prince.” Each stamp in this set will have a face value of 10 baht.

Design Features

• The first design depicts the Little Prince in a desert, illustrated by an artist from the Antoine de Saint-Exupéry Youth Foundation.
• The second design showcases the Little Prince dressed in traditional Thai attire standing in front of a mirror, created by Auemphon Suparirkchai from Thailand Post.

A Celebration of Art and Culture Through Stamps

These upcoming stamp releases not only celebrate important cultural themes but also highlight the artistic contributions of Princess Maha Chakri Sirindhorn. Collectors and enthusiasts alike can look forward to these special editions that reflect Thailand’s rich heritage and creativity. Be sure to mark your calendars for these exciting releases!

Cholera Situation in Thailand Stabilizes Amid Ongoing Monitoring

A minor cholera outbreak in Thailand has been successfully brought under control, according to public health and local security authorities. As of January 1, 2025, only a small number of patients from both Myanmar and Thailand have been diagnosed with the disease, characterized by severe diarrhea.

Current Status of Cholera Cases

Patient Recovery and Decline in New Cases

Authorities report that a total of four patients—two Thais and two Myanmar nationals—have been diagnosed with cholera and have since received treatment. Additionally, there have been no new symptomatic cases reported, aside from three asymptomatic cases detected recently.Dr. Ramet Wongwilairat, director of Mae Sot Hospital, stated that while certain areas have been designated as cholera control red zones due to their high risk of new cases, the overall situation is not severe.

Preventative Measures During New Year Celebrations

Ongoing Surveillance and Sanitation Efforts

Health officials emphasize the importance of maintaining proper cholera surveillance, especially during the New Year celebrations when food consumption increases. Dr. Suphachok Wetchaphanphesat, a public health inspector, highlighted the need for heightened vigilance to prevent the spread of this food-borne disease.To mitigate risks, various measures are being implemented in Tak province, including improving sanitation standards at fresh markets and public toilets, as well as enhancing hygiene practices among street food vendors.

Response to Global Cholera Concerns

World Health Organization’s Classification

Officials downplayed concerns following the World Health Organization’s (WHO) announcement that cholera is now classified as a major health emergency. They clarified that this reclassification aims to raise international awareness about rising cholera cases globally and encourage action to address outbreaks.

Support for Myanmar’s Cholera Response

In response to the cholera situation in Myanmar, particularly in Shwe Kokko where recent cases have surged, a Thai health team has been dispatched to assist local authorities. The team is providing oral rehydration solutions (ORS) and other necessary medicines to support healthcare workers treating cholera patients.

Continued Vigilance Required

While the cholera outbreak in Thailand appears to be under control, health officials stress the importance of ongoing monitoring and preventive measures. The collaborative efforts between Thai authorities and their counterparts in Myanmar are crucial for managing the outbreak effectively and ensuring public safety. As celebrations continue, maintaining high standards of hygiene will be essential in preventing further spread of the disease.