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Thailand may lose up to US$8bn from potential US tariffs – Commerce Ministry

14 Sept 03:06 Key points summarised by AI

Thailand faces a potential US$7-8 billion export loss if the US imposes tariffs to equalize levies, with semiconductor exports specifically at risk of a 25% tariff.
The US justifies potential tariffs by noting Thailand's approximately 11% higher tariffs on agriculture and industrial goods compared to the US.
To avert tariffs, Thailand plans to increase imports of various US products (e.g., corn, soybeans, crude, beef, liquor), reduce its own tariffs, and explore purchasing or leasing aircraft from the United States.
Thailand aims to reduce its significant trade surplus with the US (currently $45.6 billion) to $20 billion through these measures, recognizing the critical role of exports for its economy.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.