Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
- Thailand aims to negotiate with the US to avoid a 36% tariff on its exports, as reported by Bloomberg News.
- Thai analysts believe Thailand's infrastructure and established trade practices may give it a competitive advantage over Vietnam in these negotiations.
- Thai exports in key sectors like automotive and agricultural products may be significantly impacted by new US tariffs, according to analyst Aat Pisanwanich.
35 Articles
35 Articles
"Jirayu" reveals new trade proposals submitted by Thailand to the United States, aiming to open the market for agricultural and energy products, hoping to reduce import tariffs, confirming that the government prioritizes national interests, negotiating professionally before the "Trump tax" deadline
Channel News Asia
The Straits TimesThailand submits new trade proposal offering zero tariffs on many US goods
BANGKOK: Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many US imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday (Jul 7). Washington has threatened to impose a
Thailand presented a new proposal to the United States to avoid imposing a 36% VAT rate on its exports, said Finance Minister Pichai Kunhavajira in an interview agreed on Sunday in Bloomberg News.
Thailand holds its breath
The Thai business sector remains optimistic that tariff negotiations with the US can yield a favourable outcome after Vietnam recently made headlines by securing a 20% tariff rate on shipments to the US along with a waiver on import duties for American products.
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- 40% of the sources are Center, 40% of the sources lean Right
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