Thailand among 60 countries facing new US tariffs

14 Sept 13:25 Key points summarised by AI

The Trump administration is imposing new tariffs of 10% and 12.5% on goods from 60 trading partners, including Thailand, effective Friday.
These duties are a response to allegations of lax enforcement of forced labor bans, aiming to correct human rights abuses and distortive trade practices.
The tariffs, covering 99.4% of US imports (with exemptions), are implemented under Section 301 of the Trade Act of 1974, replacing a temporary tariff and designed to be legally robust.
Thailand, China, and 36 other nations will face a 12.5% tariff, while countries like Argentina and India receive a 10% duty, with rates for the EU, Japan, and others adjusted to these totals.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.