Thailand to Boost US Imports Amid Tariff Turmoil

[webfact]

FILE: Thailand's Prime Minister Paetongtarn Shinawatra, talks to reporters during a press conference at the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (6 th BIMSTEC) summit in Bangkok, Thailand, Friday, April 4, 2025. (AP Photo/Sakchai Lalit)

 

The Thai government has announced plans to up its imports from the United States, including energy, aircraft, and agricultural goods.

 

This strategic move comes in response to the hefty 36% tariff the US has slapped on Thai exports. Prime Minister Paetongtarn Shinawatra is leading the charge, aiming to ease tensions and bolster bilateral trade ties.

 

Finance Minister Pichai Chunhavajira is set to fly to Washington, D.C. this week, where he will represent Thailand in crucial talks.

 

The delegation's mission is to stress that Thailand is a robust trade ally, eager to invigorate economic exchanges with America.

 

The meetings will involve discussions with governmental and private sector representatives to seek a resolution to the trade dispute.

 

 

 

 

The tariff hike by the US has sent shockwaves across Thai export sectors, particularly electronics, processed foods, and agriculture, leading to a formation of a governmental task force.

 

The body is charged with formulating counter-proposals and strengthening communication channels with the US, ensuring that Thailand's trade interests are protected.

 

The stakes are high, with hopes pinned on policies that include promoting US imports valued in Thai Baht, with increased energy and aircraft acquisitions.

 

Thailand is lobbying for smoother trade and investment channels, requesting the US to grant benefits and cut down barriers for Thai exporters.

 

Prime Minister Paetongtarn expressed confidence in achieving a mutually beneficial outcome, ensuring the alliance between the two nations remains robust and cooperative.

 

As the week unfolds, these negotiations are set to have significant implications for the economic landscape and international relations between Thailand and the United States.

 

Based on a story by Bangkok Post

 

-- 2025-04-08

 

 

[flyingtlger]

Tit for tat, you're going to get slapped.....

 

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSY5AsUhCvW5Ti8S5_VFmeuInoCTV1_rF7kaQ&s

[Purdey]

How does the government import more without a higher budget? American products are expensive.

Which agricultural goods does Thailand need from America? Sounds like coals to Newcastle.

[hotsun]

Smarter countries are just dropping their tariffs against the US. Thailand will negotiate their way into a worse position

[Hawaiian]

31 minutes ago, Purdey said:

How does the government import more without a higher budget? American products are expensive.

Which agricultural goods does Thailand need from America? Sounds like coals to Newcastle.

Right now most are bulk commodities like soybeans and corn.  I don't know if there is much room for growth in these areas.  One possibility is beef.  Right now 44% of beef imports are from Australia.

[Ralf001]

8 minutes ago, Hawaiian said:

Right now most are bulk commodities like soybeans and corn.  I don't know if there is much room for growth in these areas.  One possibility is beef.  Right now 44% of beef imports are from Australia.

 

Australia - Free trade agreement.

USA - 50% tarriff.

[PomPolo]

It will be interesting to know how they are going to do this with the current tariff debacle

i) Do the Thai exporters take the hit and reduce prices to cover the Tariffs for the importer, probably difficult for most companies to do that or

ii) Do the government step in and cover the cost of the US Import duties for the Thai exporter not really very clear in her statement all well and good getting people to talk to people but Orange Face has said this morning the Tariffs are staying in place so anyone with stocks and shares or private pensions expect another hit today when the markets open

[Maxbkkcm]

26 minutes ago, Hawaiian said:

Right now most are bulk commodities like soybeans and corn.  I don't know if there is much room for growth in these areas.  One possibility is beef.  Right now 44% of beef imports are from Australia.

And the rest of percentage of the beef, where it come from? 

[sammieuk1]

Hey Donald' look at why the Baht' hasn't tanked please! and slap another 50% on🤔