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Thailand's business leaders push for tax-free US goods amid tariff standoff

Thailand's business leaders push for tax-free US goods amid tariff standoff

13 Sept 19:56 Key points summarised by AI
  • Thailand's private sector proposes exempting most US imports from taxes to counter the US's 36% reciprocal tariff on Thai goods.
  • The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) presented this proposal to Finance Minister Pichai Chunhavajira ahead of critical negotiations with the US.
  • The initiative aims to reduce US tariffs, ensuring Thai products remain competitive, especially against regional rivals like Vietnam.
  • Finance Minister Pichai is considering the proposal and awaits a US response to Thailand's revised offer, hoping for a third round of tariff talks before the August 1 deadline.
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