Economy Currency Concerns and Origin Disputes Stall Thai-US Trade Talks

[webfact]

Picture courtesy of Amarin TV

 

In a significant twist to Thai-US relations, Deputy Prime Minister and Finance Minister, Pichai Chunhavajira, highlighted two pressing concerns that have put trade negotiations on pause. Scheduled tariff talks have been sidetracked due to US apprehensions over currency manipulation and the export of falsely-originated products.

 

The negotiations await rescheduling as both nations brace for detailed discussions on these pivotal issues.

The crux of US concern lies in the potential for Thailand to unfurl a surge in exports, impacting US markets, while other countries may exploit currency rates to their advantage.

 

Equally pressing is the issue of verifying product origins to prevent circumventions of existing trade agreements. Minister Pichai, despite uncertainty over his travel plans to Washington, remains meticulous about approaching discussions with complete preparedness, drawing on his extensive personal experience.

 

 

 

Pichai likened these negotiations to business deals, underlining the importance of timing and readiness. His strategic approach aims to assess all potential impacts closely before making moves.

 

Detailed preparations are underway with collaboration from the Thai ambassador in the US and support from a domestic team to align views with American trade officials.

 

Back in Thailand, a comprehensive plan is being mapped out to monitor and adapt to any economic shifts. This includes a critical review with the Bank of Thailand and other financial bodies to counterbalance any negative impacts.

 

Additionally, talks with the National Economic and Social Development Board aim to create robust strategies for economic rehabilitation, worker assistance, and necessary reforms. As Pichai pointed out, maintaining a strategic position is crucial for Thailand in these complex negotiations.

 

Adapted by ASEAN Now from Thai Newsroom

 

-- 2025-04-23

 

 

[whiteman]

THEY ARE TRYING TO GET CHINESE goods through the back door via Thailand

[Geoffggi]

33 minutes ago, webfact said:

Equally pressing is the issue of verifying product origins to prevent circumventions of existing trade agreements.

 

Oh no, does this mean Thailand cannot pass on Chinese goods as being manufactured in Thailand ...............LOL

[newbee2022]

5 hours ago, webfact said:

Picture courtesy of Amarin TV

 

In a significant twist to Thai-US relations, Deputy Prime Minister and Finance Minister, Pichai Chunhavajira, highlighted two pressing concerns that have put trade negotiations on pause. Scheduled tariff talks have been sidetracked due to US apprehensions over currency manipulation and the export of falsely-originated products.

 

The negotiations await rescheduling as both nations brace for detailed discussions on these pivotal issues.

The crux of US concern lies in the potential for Thailand to unfurl a surge in exports, impacting US markets, while other countries may exploit currency rates to their advantage.

 

Equally pressing is the issue of verifying product origins to prevent circumventions of existing trade agreements. Minister Pichai, despite uncertainty over his travel plans to Washington, remains meticulous about approaching discussions with complete preparedness, drawing on his extensive personal experience.

 

 

 

Pichai likened these negotiations to business deals, underlining the importance of timing and readiness. His strategic approach aims to assess all potential impacts closely before making moves.

 

Detailed preparations are underway with collaboration from the Thai ambassador in the US and support from a domestic team to align views with American trade officials.

 

Back in Thailand, a comprehensive plan is being mapped out to monitor and adapt to any economic shifts. This includes a critical review with the Bank of Thailand and other financial bodies to counterbalance any negative impacts.

 

Additionally, talks with the National Economic and Social Development Board aim to create robust strategies for economic rehabilitation, worker assistance, and necessary reforms. As Pichai pointed out, maintaining a strategic position is crucial for Thailand in these complex negotiations.

 

Adapted by ASEAN Now from Thai Newsroom

 

-- 2025-04-23

 

 

Trump said it already: every country which will circumvent HIS rules will be punished. 

Not a good situation for Thailand.

Better look for other markets in EU or ASEAN/BRICS than US.

[hotchilli]

5 hours ago, webfact said:

Scheduled tariff talks have been sidetracked due to US apprehensions over currency manipulation and the export of falsely-originated products.

Oh dear Thailand... you've been found out, what now?

Trump isn't playing games anymore.

[ukrules]

5 hours ago, whiteman said:

THEY ARE TRYING TO GET CHINESE goods through the back door via Thailand

No, they are not trying to do this - they ARE ALREADY doing this.

[BusyB]

6 hours ago, whiteman said:

THEY ARE TRYING TO GET CHINESE goods through the back door via Thailand

 

Not only Thailand I think ...

[kingstonkid]

1 hour ago, newbee2022 said:

Trump said it already: every country which will circumvent HIS rules will be punished. 

Not a good situation for Thailand.

Better look for other markets in EU or ASEAN/BRICS than US.

Problem is that the EU has its doubts also.  Thailand is going to actually have physical factories to show they make it here.  This could be good for Thailand's people 

[newbee2022]

25 minutes ago, kingstonkid said:

Problem is that the EU has its doubts also.  Thailand is going to actually have physical factories to show they make it here.  This could be good for Thailand's people 

In 90 days or earlier we will know.

[trainman34014]

1 hour ago, kingstonkid said:

Problem is that the EU has its doubts also.  Thailand is going to actually have physical factories to show they make it here.  This could be good for Thailand's people 

With 200 Factories a month closing in Thailand for the last two years that seems unlikely.    They have become Messenger and Delivery Boys for Big Brother China and whilst they are happy with that nobody else is !

[John Drake]

Thailand has been advertising itself as a transshipment hub for China for at least the last six or seven years. They advertised their offering to help evade sanctions and restrictions on China directly to Chinese manufacturers. This is going to be one hub they wish they had never started.

[Tailwagsdog]

...a case in point ...last year Vietnam's exports to USA increased by 31% ...and imports from Communist China to Vietnam increased by 31% ...what a coincidence....