บทวิเคราะห์ (Research)

US President Trump sent a letter to the Thai government saying a 36% reciprocal tariff rate would be imposed on the country. Assuming negotiations fail to change the rate, our preliminary estimate sees 2025 GDP growth of just 0.8%. We expect a limited impact on the electronics sector as most companies should pass through additional expenses to their clients. The industrial estates sector should see rising contribution from land sales in Vietnam implying lower profitability. Lastly, we found that the major meat processors have no US exposure, while pet food stocks could feel a significant impact.