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]

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 .....

 

 

[KhunLA]

1 hour ago, KireB said:

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

And how many cars made with all parts from CN have you owned ?  Not just the cars, almost all, that have components from CN, or even made in CN for UK, EU or USA headquartered auto makers.

 

Myself, 2 made in China, and 2 of the best cars I've ever owned.  Can't see myself ever buying another non Chinese badged car or truck in the future.

[KhunLA]

12 hours ago, BayArea said:

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

Do believe that's the purpose of the new reciprocal tariff on offer ... 'let's talk' a fair trade agreement, or not ... UP2U

[KhunLA]

2 hours ago, Zakhar said:

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.

Few countries don't have a trade deficit with China.   Do they all need to pick sides 

 

[KireB]

1 hour ago, KhunLA said:

And how many cars made with all parts from CN have you owned ?  Not just the cars, almost all, that have components from CN, or even made in CN for UK, EU or USA headquartered auto makers.

 

Myself, 2 made in China, and 2 of the best cars I've ever owned.  Can't see myself ever buying another non Chinese badged car or truck in the future.

I only drive Japanese cars ,of course. Chinese cars are a poor (long term) investment, as the drop in resell value is enormous.
   

[metisdead]

Posts using derogatory and toxic nicknames or intentional misspelling of people’s names will be removed. If you don’t want your post to be removed, spell people’s names correctly, this applies to both sides of the political debate.

 

An off topic post trolling about ladyboys and a reply have been removed.

[KhunLA]

10 minutes ago, KireB said:

I only drive Japanese cars ,of course. Chinese cars are a poor (long term) investment, as the drop in resell value is enormous.
   

Guess you haven't notice the drop in JP badged cars here, at least the 'made in TH' entry levels, being advertised, about 100k less than last year.

 

Price war is definitely affecting ICEV also, if wanting to compete with a better performing, less cost to operate & maintain BEV.

 

Only thing keeping people from peeking at and test driving BEVs is a bit of ignorance.  If we didn't have solar, I probably wouldn't have peeked, and now hindsight, would have regretted not getting a BEV.

 

Our 2020 MG ZS ICE dropped 100k, same with our previous Mazda 2, having a considerable price drop.  Two that I noticed.  

[KireB]

8 minutes ago, KhunLA said:

Guess you haven't notice the drop in JP badged cars here, at least the 'made in TH' entry levels, being advertised, about 100k less than last year.

 

Price war is definitely affecting ICEV also, if wanting to compete with a better performing, less cost to operate & maintain BEV.

 

Only thing keeping people from peeking at and test driving BEVs is a bit of ignorance.  If we didn't have solar, I probably wouldn't have peeked, and now hindsight, would have regretted not getting a BEV.

 

Our 2020 MG ZS ICE dropped 100k, same with our previous Mazda 2, having a considerable price drop.  Two that I noticed.  

Good for you, I am old fashioned. I have a Toyota, 2400cc diesel. I have planted hundreds of trees, separate garbage, and pick up trash from the beach to lower my carbon footprint.

[KhunLA]

30 minutes ago, KireB said:

Good for you, I am old fashioned. I have a Toyota, 2400cc diesel. I have planted hundreds of trees, separate garbage, and pick up trash from the beach to lower my carbon footprint.

I burn my trash, what very little we have, mostly plastic bags, so not dumped in sea.  Save a turtle thingy.

 

Don't pick up other people's trash, as I wouldn't have any time to myself if I did.

 

Don't litter, and recycle what they pay us for, and hopefully that goes to the landfill and not the sea, as doubtful if much, or any is actually recycled. 

 

BEVs and Solar are financial reasons only, though it is nice driving a better performing car, and not contributing to the low level air pollution.

 

Not a believer in MMCC/GW BS.

 

On topic ... maybe the trade war, if happens, will cut down on shipping, and they'll all stop dumping & polluting with less cargo ships about 

[PuiPuiHarry]

15 hours ago, Zakhar said:

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.

Ah... and the simple-minded US citizen calculates: 105-69 = 36, so MUST be the reason of the Thai over-export to the Land of the Free.

Maybe, you Yanks simply eat too much Thai pineapple ?