WHA Corporation and Amata Corporation Experience Significant Financial Setbacks
PUBLISHED: 4 Apr 2025 at 14:28
The US government has reinstated tariff rates on Thailand, raising concerns of an escalating trade conflict that led to a decline in Thai shares on Friday. The recent tariff update from the White House revealed that reciprocal tariffs on Thailand are set at 36%, down one percentage point from previous adjustments.
Initially, the tariff was announced at 36% but was later adjusted to 37% following retaliatory measures. The effective date for these tariffs is April 9.
This US trade response has caused the Stock Exchange of Thailand (SET) to experience a significant downturn, reflecting negative trends seen in global markets after the tariff announcement.
During morning trading, the SET index fell by 30.25 points, or 2.60%, landing at 1,131.56. Among the companies impacted were WHA Corporation and Amata Corporation, with WHA shares decreasing by 12 satang, or 3.87%, to 2.98, while Amata shares plummeted by 2.10 baht, or 11.67%, to 15.90.
Economic projections suggest that these reciprocal tariffs could result in losses totaling 359 billion baht, potentially reducing Thailand’s gross domestic product (GDP) by nearly 2%, according to estimates from a local economic authority.
