FX.co ★ Thailand Rolls Out THB 18.5 Billion Stimulus, Pays Border Conflict Victims

Thailand plans to allocate THB 18.5 billion towards stimulus initiatives aimed at enhancing economic competitiveness, in anticipation of the repercussions from newly implemented U.S. tariffs, announced Deputy Finance Minister Julapun Amornvivat on Tuesday. Additionally, the cabinet has given the green light for drafting a joint trade statement with the U.S., though discussions are still in progress and no signing date has been established. The U.S. has imposed a 19% tariff on Thai imports, which is lower than the initially proposed 36% and aligns more closely with tariffs on regional counterparts. Julapun highlighted that there is an additional THB 25 billion available to address tariff-related issues and other comprehensive relief measures. Meanwhile, the government has sanctioned compensation for victims of the recent border conflict with Cambodia: THB 10 million for families of deceased officials, up to THB 1 million for injured personnel, THB 8 million for families of civilians who lost their lives, and up to THB 800,000 for civilians injured in the skirmishes.