TRUMP’S 90-DAY TARIFF FREEZE: A BREATHE OF RELIEF OR JUST TEMPORARY?
Thailand and the rest of Southeast Asia are catching their breath – for now! President Trump has thrown a lifeline by delaying his draconian “Liberation Day” tariffs by a whopping 90 days! What does that mean for Thailand’s exports to the U.S.? It means just a 10% tariff instead of the staggering 36% previously threatened!
MARKETS GO WILD: TRUMP’S TARIFF WHIPLASH!
Since Trump unleashed his bombshell of reciprocal tariffs on April 2, the Asian markets have been on a chaotic rollercoaster. The Thai stock market, SET index, plunged a shocking 9% in mere days, only to roar back to life after the tariff delay announcement. But let’s not get too excited—the index is still reeling from the original “Liberation Day” chaos!
Tensions Rise as Tariff Jitters Cast a Shadow!
Victor Cheng, the big boss at Delta Electronics Thailand, is feeling the heat. Before the tariff pause, he called the proposed tariffs excessively high, fueling anxiety and fear. However, it seems customers are still playing the waiting game and holding off on order cancellations. With the 90-day tariff timeout, Cheng reveals that clients are now scrambling to stock up!
WHO REALLY PAYS THE PRICE?
The debate rages on: who’s actually footing the bill for these tariffs? Trump claims it’s the foreign companies – but trade pros shout otherwise! It’s the importers who pay up, and they often pass those costs onto us, the consumers! Cheng is worried nonetheless; he knows high tariffs will strangle his customers and unleash inflation. He’s making it clear: tariffs above 15% could spell disaster!
TALKS OFF TO THE U.S.: THAILAND CHARGES IN!
In a bold move, Thailand is firing up trade negotiations with Uncle Sam next week! The government is on a mission to understand how these tariffs could rock their economy and is likely to lower tariffs on U.S. goods while luring more imports from the States.
THAILAND’S EV REVOLUTION IS ON FIRE!
In the electrifying world of electric vehicles, Delta Electronics is at the forefront! The company is making power components for EVs and data centers and is eyeing potential partnerships with Chinese EV manufacturers. With subsidies hitting hard and affordable Chinese cars rolling out, Southeast Asia is quickly becoming the playground for EV makers!
PUKING PROFITS: DELTA ELECTRONICS AT A CROSSROADS!
Delta Electronics Thailand flaunts its success, but the latest earnings report has left a bitter taste! Once the pride and joy of Thailand, its shares have plummeted over 50% from last November’s highs. Despite this, Delta’s revenue is still climbing, driven by its booming EV segment. Cheng insists they’re focusing on solid business fundamentals, even as the storm of tariffs rages on!
AI INVESTMENTS: WILL THEY SAVE DELTA?
Despite the madness, Cheng is bullish about the future. He sees the potential in AI-related infrastructure and is banking on double-digit revenue growth this year. Times are turbulent, but Delta could just be on the brink of a major breakthrough!
Stay tuned as Thailand braves the trade winds!
photo credit: fortune.com
