Financial Review: Tariff Watch as Thailand’s Jewelry Exports Surge
Just a brief note—because when it comes to U.S. tariffs, nothing is ever set in stone.
According to a report on CNBC, at least 14 countries will face rising U.S. tariffs starting August 1, 2025, unless President Trump changes his mind. Among them: Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia, and Thailand. Thailand’s rate is projected to hit 36%.
Meanwhile, The Nation reports Thailand’s gem and jewelry exports (excluding gold) hit $714.9 million in April, a 39.62% year-over-year surge according to GIT Director Sumed Prasongpongchai—marking the sixth straight month of growth. It appears U.S. buyers are rushing to place orders before the tariffs take effect. What happens after August 1 is anyone’s guess. – gr
