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Thailand announces tariffs strategy

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Posted
8 hours ago, macaroni21 said:

 

For a country of its wealth, its failure to provide public goods - public health, public housing, public safety, public education, public transport - and a decent social safety net is quite astounding.

 

great analysis and pleasure to read.

It reminded me very astute  observation made  by lady who moved to USA from one of East European countries at end of 80-ties and landed roughly the same job she hold at home .

She told me " they work  there ( in USA) 4 times as hard as we did at home  but their lives are perhaps only twice better at best. Where the difference goes ?" 

Posted

PM sending team to US to negotiate over tariffs

From The Nation

The Thai delegation, led by Finance Minister Pichai Chunhavajira, will hold discussions with the US next week on mitigating the impact of US trade policies on Thai exports. 

This move follows US President Donald Trump’s announcement on Wednesday (April 2) of reciprocal tariffs on several countries, with Thailand facing a 37% reciprocal tariff on export goods to the US.

Prime Minister Paetongtarn Shinawatra said in a statement on Sunday that Pichai will travel to the US for talks with various sectors, including government bodies, the private sector and other stakeholders, concerning the significant changes in US trade policy, she explained.

“The Thai government will make it clear to its US counterparts that Thailand is not only an exporter, but also a reliable ally and long-term economic partner,” she said.

She explained that many other countries are in a similar position and are taking steps to lessen the impact. She expressed concern about the potential for a global trade war driven by tax mechanisms.

She added that numerous countries have chosen to enter negotiations with the US government. She said the policies would affect Thai exports, particularly electronics, processed foods and agricultural products.

Paetongtarn said Thai government has prepared proposals such as increasing imports of energy, aircraft, and agricultural products from the US, and initiating greater cooperation in agriculture, industry and other sectors.

Additionally, Thailand will seek to promote Thai investment in the US and reduce import barriers, including addressing the misuse of Thailand as a transit point for false origin claims, she said.

She also mentioned that Thailand’s team working to mitigate the impact of US trade policies will hold discussions on Tuesday, April 8.

Continues at

https://www.nationthailand.com/business/economy/40048405

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