Following President Donald Trump’s announcement of a 90-day suspension of reciprocal tariffs, the share price of Thailand’s WHA and AMATA have soared, suggesting an increased attractiveness for foreign companies considering relocating their production bases to Thailand, especially with China now facing 125% tariffs.
The tariff suspension comes as over 75 countries engaged in dialogue with U.S. officials to resolve trade tensions highlighted by President Trump.
The share price of WHA Corporation Public Company Limited (SET: WHA) rose 14.63% to settle the morning session at THB 2.82 per share. Meanwhile, Amata Corporation Public Company Limited (SET: AMAT) jumped 14.75% to THB 14.00 per share.
In a significant policy shift, President Trump has escalated tariffs on Chinese imports from 104% to 125%, effective immediately. This move aims to counter China’s recent decision to heighten tariffs on U.S. imports from 34% to 84%, further intensifying the trade dispute between the world’s two largest economies.
Amid heightened trade tensions between the U.S. and China, Thailand could stand to benefit as potential shuttle diplomacy opens up avenues for foreign businesses. With President Trump temporarily halting reciprocal tariffs, eyes are on Southeast Asia as a strategic alternative for relocating manufacturing operations.
