20250529 The Bank of Thailand Governor Sethaput Suthiwartnarueput1

The Bank of Thailand, led by Gov. Sethaput Suthiwartnarueput, has cut its policy rate twice this year, setting the current at 1.75%. (Photo by Lauren DeCicca)

From tires to furniture, Thai central bank says tariffs throw economy off balance

Central bank chief calls for regional cooperation in grappling with Trump disruptions

BANGKOK -- U.S. tariffs and the subsequent flood of diverted products into Thailand are likely to damage different industries in Southeast Asia's second-largest economy, possibly leaving deep scars, warned Bank of Thailand Gov. Sethaput Suthiwartnarueput in an exclusive interview.

His cautionary words resonate across Asia, as the tariffs implemented by U.S. President Donald Trump begin to affect the real economy after wreaking havoc on financial markets over the past couple of months.

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