The Business Times
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Double trouble for Asean exporters as Trump’s tariffs, currency swings bite hard

The Taiwan dollar’s record-breaking rally and sharp gains across regional currencies are piling more pressure on exporters, with Thailand among the most vulnerable

Summarise
Goh Ruoxue

Goh Ruoxue

Published Wed, May 7, 2025 · 10:49 AM
    • Thailand, the second-largest exporter of rice, is among the most vulnerable across the region to sharp currency spikes, which will hurt its exports over time.
    • Thailand, the second-largest exporter of rice, is among the most vulnerable across the region to sharp currency spikes, which will hurt its exports over time. PHOTO: REUTERS

    [SINGAPORE] South-east Asia’s exporters are facing a double whammy: a fresh surge in regional currencies in May and the looming end of US President Donald Trump’s 90-day tariff pause in July.

    Export-oriented economies facing potential new US levies and already grappling with structural competitiveness issues are especially at risk, warned experts.

    Thailand stands out on all three counts as among the most vulnerable across the region to sharp currency spikes, which will certainly hurt exports over time, said MUFG Bank’s senior currency analyst Michael Wan.

    Asean BusinessCurrenciesTrump tariffsDonald TrumpUS tariffsSingapore dollarRinggitrupiahbahtexports

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More