Commerce to petition US for tax exemption

 

 

The Ministry of Commerce is now working with the private sector to petition for tariff exemption after US President Donald Trump invoked Section 232 of the Trade Expansion Act of 1962 to impose new tariffs of 25 percent on imports of steel and 10 percent on imports of aluminum.

 

The ministry’s move came after the US government announced details of the new taxes as well as guidelines for application for tax exemptions.

 

Under the guidelines, the main criteria to qualify for exemptions is that the applications for these dispensations can only be made by US importers who must prove that the products are indispensable for their purposes and either there is limited local production of the products or there is inadequate local supplies of said goods.

 

Full story: http://englishnews.thaipbs.or.th/commerce-petition-us-tax-exemption/

 

 

-- © Copyright Thai PBS 2018-03-24

Thailand doesn't like it when other countries tax their exports. But they are very happy to heavily tax imports from other countries...

The exemption might backfire drawing attention to the large taxes placed on USA goods entering Thailand