IDEAS home Printed from https://ideas.repec.org/p/jet/dpaper/dpaper978.html
   My bibliography  Save this paper

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

Author

Listed:
  • HAYAKAWA,Kazunobu
  • Keola,Souknilanh
  • Sudsawasd,Sasatra

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 automobiles and some steel/aluminum product exports 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 (except in the automotive sector), 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 importers from China or Chinese firms improve their export ranking in the US in 2025. Such firms are also more likely to continue exporting to the US in 2025.

Suggested Citation

  • HAYAKAWA,Kazunobu & Keola,Souknilanh & Sudsawasd,Sasatra, 2025. "The Effects of US Additional Tariffs in Trump 2.0 on Production and Trade: Evidence from Thailand," IDE Discussion Papers 978, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper978
    as

    Download full text from publisher

    File URL: https://ir.ide.go.jp/record/2001527/files/IDP000978_001.pdf
    File Function: First version, 2025
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

    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:jet:dpaper:dpaper978. 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: Michitaka Imamitsu (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.