Thai Enquirer
Govt Seeks to Avert Proposed 12.5% U.S. Tariff as Businesses Downplay Impact
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Thailand still has an opportunity to address U.S. concerns over forced labor and potentially avoid a proposed 12.5% tariff on its exports, while private sector representatives say any impact on trade competitiveness is likely to be limited, government and business officials said on Thursday.
Key facts
- Tanit Sorat, vice chairman of the Employers’ Confederation of Thai Trade and Industry, said the proposed tariff would not significantly affect Thai exports because the country is already subject to a 10% U.S
- Under the proposal, Thailand is among 54 economies facing an additional 12.5% tariff
- Canada, the European Union, Indonesia, Mexico and Pakistan would face a lower 10% tariff.
- Tanit said the proposed 12.5% tariff would represent only a 2.5 percentage-point increase from the current 10% rate
- Labour Minister Julapun Amornvivat said the U.S
Summary
Labour Minister Julapun Amornvivat said the U.S. review process remains ongoing and that Thailand will continue negotiations and provide additional explanations to address Washington’s concerns. He stressed that the findings issued by the Office of the United States Trade Representative (USTR) are preliminary and do not represent a final decision.
“The negotiations are not over and will take some time,” Julapun said, adding that Thailand remains ready to introduce legal and regulatory measures to strengthen oversight and reassure U.S. authorities.