If the US eventually chooses to impose only a 10% tariff on Thai imports rather than the announced 36%, Thailand’s gross domestic product (GDP) growth could reach 2.5%.

Exports, a key driver of Southeast Asia's second-largest economy, jumped 14.0% in February from a year earlier, above a forecast rise of 9.7% in a Reuters poll and following January's 13.6% increase.

Representatives of Thailand’s banking, trade and production have convened for a meeting to discuss issues related to trade with the US, after a list of 16 countries and territories running a large trade surplus with the US was announced.