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Thai Finance minister hopes there is still room to reduce US tariffs

Thai Finance minister hopes there is still room to reduce US tariffs

13 Sept 06:15 Key points summarised by AI
  • Thai Finance Minister Pichai Chunhavajira voiced surprise at the US's 36% tariff on Thai goods but remains optimistic for negotiations before the August 1st deadline.
  • Thailand submitted a revised proposal, agreeing to substantially cut tariffs on approximately 90% of US imports, hoping the US will reconsider the 36% tariff.
  • Pichai emphasized the critical need for Thailand to reform its economic structure, aiming to reduce dependence on exports and bolster sectors like agriculture and tourism.
  • Thailand's acting Prime Minister Phumtham Wechayachai also expressed his desire for a "better deal" than the currently imposed 36% tariff.
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