Thai exports could face higher tax costs of 6%-8% due to US President Trump’s latest tariffs, according to the Joint Standing Committee on Commerce, Industry and Banking. The committee expressed concerns over the impact of tariffs and the influx of Chinese goods into Thailand as a potential way to circumvent US trade measures. The Thai economy faces risks from trade uncertainties and fragile domestic demand. The committee maintains its 2025 GDP growth forecast at 2.4%-2.9%, export growth at 1.5%-2.5%, and inflation at 0.8%-1.2%.