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Thailand may avoid imposition of high reciprocal tariffs by US

Thailand may avoid imposition of high reciprocal tariffs by US

13 Sept 07:19 Key points summarised by AI
  • Thailand's Commerce Minister, Pichai Naripthaphan, suggests the country may avoid high reciprocal tariffs from the United States, citing information from a US private sector source.
  • Thai delegations are actively engaging with US companies and preparing proposals for upcoming tariff negotiations, expected to conclude swiftly in one or two rounds.
  • Thailand's agricultural exports to the US totaled US$4.7 billion last year, with key products including dog/cat food and rice significantly increasing their market share, potentially benefiting from US tariffs on Chinese goods.
  • The report identifies specific Thai products, such as flavoured mackerel and bamboo shoots, that could see increased US market share, while others like garlic and green tea may face fiercer competition from China.
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