Posted on 04/04/2025 5:07:07 PM PDT by SeekAndFind
Thailand will negotiate with the United States on tariffs, Prime Minister Paetongtarn Shinawatra said on Thursday, hours after US President Donald Trump announced sweeping tariffs on imports from many countries to the US.
'We won't let it get to where GDP will miss the target,' Ms Paetongtarn told reporters. 'We have a strong plan.'
'We have prepared several steps, including sending our permanent secretary to talk with them. β¦ I think we can still negotiate.'
Deputy Finance Minister Julapun Amornvivat said the government was not surprised to be hit with tariffs, though the 36% level was higher than anticipated.
'We have to negotiate with understanding, not aggressive talk, but we have to talk about which products they feel are unfair and we have to see whether we can adjust,' he said in a video interview posted online.
Thailand's trade surplus with the US totalled $45 billion last year, according to the Office of the US Trade Representative. The country had adopted a wait-and-see strategy in the run-up to the tariff announcement and promised to step up imports of energy and food products to cut the trade surplus.
The US is Thailand's largest export market with electronics, machinery and agricultural products topping the list of goods.
The 36% tariff was higher than Thai businesses expected, Thai Chamber of Commerce chairman Poj Aramwattananont said, urging the government for speedy negotiations. The business group was not expecting the US to slap more than a 25% tariff on Thai goods, he said.
'Don't panic as other countries are also facing higher tariffs,' Mr Poj said. 'The US will also have some impact from this as they still can't produce to replace the imports fast enough,' he said.
The reciprocal tariffs could shrink Thai gross domestic product (GDP) by as much as 1.2 percentage points...
(Excerpt) Read more at msn.com ...
Try and get an American car in Thailand. It is outrageously expensive.
An 8% tariff is not excessive compared to what some other nations charge
Thailand?......................
Thailand?
Had to be said. π
π..............................
Somebody had to!.........................
While he’s at it, he can negotiate on his name... what a tongue twister of a name π
In most cases (which is to say other than western Europe or Canada) all it takes to get compliance is just stop being a sap.
Thailand?(never gets old).
Try and get an American car in Thailand. It is outrageously expensive.
Thailand is a right side road so they have very few American vehicles. They actually make cars in Thailand and buy others mostly from Japan which is is also a right side drive country.
I think that I pretty well understand what Trump is attempting to do by adjusting the tariffs in order to level the playing field. The foreign country either drops the tariffs altogether or we will have an equivalent tariff imposed on any of their products. On the other hand what happens if a foreign government will subsidize their product, for example steel to make it cheaper than we can produce it locally. What would our reaction be? Will we be right back to another round of new tariffs? Just wondering.. thanks for any reasonable answer.
Thailand, Vietnam, Canada.
Sell,Sell,Sell.π
TrumpπΊπΈπ
Trump’s figures apparently reflect trade imbalances, not actual reciprocal tarrifs. Poorer, less populated countries will naturally sell more to a larger, richer country because there are not as many people who can afford to buy the products of the larger wealthier one. The figures don’t even make sense.
BTT
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