Thailand in Talks with US Over New Tariffs

[snoop1130]

File photo for reference only

 

Thailand is set to negotiate tariff rates with the United States after President Trump announced a 36% tariff on Thai imports. Prime Minister Paetongtarn Shinawatra reassured the public, stating the aim is to keep GDP growth on track, with a robust plan in place.

 

"We are prepared to address this, and will send our permanent secretary to engage in talks," she said on Thursday. Deputy Finance Minister Julapun Amornvivat noted that although the tariff was higher than expected, dialogue with the US could find a resolution.

 

Thailand's significant trade surplus with the US, amounting to $45 billion in 2022, is a key factor in these negotiations. The US remains Thailand's top export market with electronics, machinery, and agricultural goods leading exports. The Thai Chamber of Commerce, led by Poj Aramwattananont, is urging quick negotiations, as the tariff exceeded their anticipated 25%.

 

 

 

Despite being on the "Dirty 15" list of countries potentially most affected by these tariffs, Deputy Minister Julapun emphasizes understanding and flexible adjustments in talks with the US. InnovestX Securities warned that reciprocated tariffs could reduce Thailand's GDP by up to 1.2 percentage points from the projected 2.5% growth.

 

The announcement also shook Southeast Asian markets, with currencies and stocks declining sharply. The Thai baht dropped 0.8% against the US dollar, whereas stock indices in Singapore and Malaysia fell significantly. ING Bank analysts described the region as the hardest hit by Trump's tariff policy.

 

The US's increased tariffs include 46% on Vietnam’s exports and 32% on Indonesia’s, inflaming global trade tensions. Analysts and investors are now closely watching potential retaliatory moves from affected nations like China, which faces a hefty 54% tariff. While some countries rule out retaliation, the global trade environment remains tense, reported The Thaiger.

 

-- 2025-04-03

 

 

[whiteman]

buy gold the way to go

[BayArea]

LOL!!!!!!!!! That didn't take long. I assumed there will be more countries lining up to " talk " to USA about the new tariffs. 

[hotsun]

Thailands leaders are running around like chickens with their heads cut off

[Pouatchee]

these tariffs might actually bring down the price of imported us goods in the long run... expensive enough as they are already. Maybe Chevrolet wouldn't have called it quits in thailand if these tariffs had been in place

[hotchilli]

16 hours ago, snoop1130 said:

Thailand is set to negotiate tariff rates with the United States after President Trump announced a 36% tariff on Thai imports. Prime Minister Paetongtarn Shinawatra reassured the public, stating the aim is to keep GDP growth on track, with a robust plan in place.

I hope they talk about the cost of importing cars into Thailand... lets see Thailand explain that one.

[frank83628]

9 hours ago, hotsun said:

Thailands leaders are running around like chickens with their heads cut off

Same as the AN members were yesterday... well, every day

[frank83628]

Oh look... Thailand has come to the table to negotiate....

Who will be next.....

[BayArea]

1 minute ago, frank83628 said:

Oh look... Thailand has come to the table to negotiate....

Who will be next.....

But but, orange man very bad!

[BayArea]

4 minutes ago, frank83628 said:

Same as the AN members were yesterday... well, every day

Trump has that effect on them! 

[John Drake]

Thailand has been the laundry room for Chinese companies to get around US/Western sanctions. https://www.voanews.com/a/more-thai-firms-turning-up-on-us-sanctions-list-for-trade-with-russia-/7987637.html

[Zakhar]

Time for Thailand to choose friends and foes.  In 2023, Thailand's trade deficit with China reached a record high of $36.6 billion, driven by imports exceeding exports, with Thailand importing $105 billion worth of goods from China while exporting only $69 billion.  Thailand had trade surplus with the US was45 billion.

[KireB]

41 minutes ago, Pouatchee said:

these tariffs might actually bring down the price of imported us goods in the long run... expensive enough as they are already. Maybe Chevrolet wouldn't have called it quits in thailand if these tariffs had been in place

Chevrolet cars are not reliable, worse than many Chinese cars, and nobody wants them, with or without tariifs. 

[frank83628]

38 minutes ago, BayArea said:

Trump has that effect on them! 

The tariff thread yesterday was mental, I stopped reading,  i didnt realise AN had so many economists as members.

[hotandsticky]

1 minute ago, frank83628 said:

The tariff thread yesterday was mental, I stopped reading,  i didnt realise AN had so many economists as members.

 

 

Anyone who has to balance a household budget is an economist.

[NickyLouie]

Hmmm, USA does need those coconuts and plastic stools TH is so good at exporting .....

 

 

[villageidiotY2K]

20 minutes ago, NickyLouie said:

Hmmm, USA does need those coconuts and plastic stools TH is so good at exporting .....

 

 

thailand got the best ladyboys (women lookalike with sausages) and stinky durians and nampla.