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Team Thailand needs to tweak its strategy to deal with Trump’s tariffs

Team Thailand needs to tweak its strategy to deal with Trump’s tariffs

23 Sept 03:17 Key points summarised by AI
  • The Trump administration levied a surprise 36% import tax on all Thai products, effective August, escalating trade tensions and demanding an immediate strategic overhaul from Thailand.
  • Experts urge Thailand to deploy a highly skilled "conductor" in negotiations, emphasizing experienced diplomats over costly lobbyists to precisely anticipate and counter Trump's aggressive trade tactics.
  • Thailand's initial offer to reduce its trade surplus proved insufficient, as the US now demands extensive market liberalization across agriculture, finance, telecommunications, and military procurement to lift the tariffs.
  • Team Thailand is reformulating its trade proposal, seeking to balance increased US imports with domestic industry protection, while exploring new leverage points such as opening its energy sector to American companies.
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