IDEAS home Printed from https://ideas.repec.org/a/bla/deveco/v64y2026i2p157-170.html

The Effects of US Additional Tariffs in Trump 2.0 on Production and Trade: Evidence From Thailand

Author

Listed:
  • Kazunobu Hayakawa
  • Souknilanh Keola
  • Sasatra Sudsawasd

Abstract

This study uses three types of data to quantify the impact of Trump 2.0 in Thailand. First, using product‐level trade data from January 2023 to July 2025, we show that the additional US tariffs have significantly decreased exports of automobiles and some steel/aluminum products to the US. In contrast, exports of auto parts and other items subject to additional tariffs do not change significantly. Second, using industry‐level production data from the same period, we show that the additional US tariffs do not significantly change capacity utilization, while firms appear to be gradually reducing their inventory levels. Finally, using firm‐level export data for the US market in 2024 and 2025 (from January to July), we find that firms importing from China or Chinese firms in Thailand improved their export ranking in the US in 2025. In sum, the impact of US tariffs is currently minimal.

Suggested Citation

  • Kazunobu Hayakawa & Souknilanh Keola & Sasatra Sudsawasd, 2026. "The Effects of US Additional Tariffs in Trump 2.0 on Production and Trade: Evidence From Thailand," The Developing Economies, Institute of Developing Economies, vol. 64(2), pages 157-170, June.
    • Handle: RePEc:bla:deveco:v:64:y:2026:i:2:p:157-170
    DOI: 10.1111/deve.70009
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/deve.70009
    Download Restriction: no
    File URL: https://libkey.io/10.1111/deve.70009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:deveco:v:64:y:2026:i:2:p:157-170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/idegvjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.