US EditionThailand Mulls Zero Duty for More US Goods to Win Tariff Deal
THAILAND, JUL 14 – Thailand plans to remove tariffs on up to 90% of U.S. imports to ease trade tensions and offset a potential 36% U.S. tariff on its exports, officials said.
- The Government Savings Bank will provide 200 billion baht in soft loans at an interest rate as low as 0.01% to support Thai entrepreneurs affected by US tariff measures, according to Finance Minister Pichai Chunhavajira.
- Thailand has proposed eliminating import duties on up to 90% of US goods to negotiate a 0% or near-zero import tariff, as stated by Finance Minister Pichai.
- Thai exports to the US account for 18% of total shipments, with a trade surplus of US$46 billion last year, according to Finance Minister Pichai.
- The US has issued tariff warning letters to Thailand, which must finalize a deal quickly to prevent increased tariffs on its exports, said Finance Minister Pichai.
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Total News Sources19
Leaning Left1Leaning Right5Center2Last UpdatedBias Distribution63% Right
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- 63% of the sources lean Right
63% Right
13%
C 25%
R 63%
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