Thailand aims to cut $15 billion US trade gap

Thailand aims to cut $15 billion US trade gap

Thailand expects to reduce its trade gap with the United States by as much as US$15 billion annually with its recent initiatives to prevent the misuse of origin rules for exports, according to Finance Minister Pichai Chunhavajira.

Thailand redirects stimulus funds to six key development areas amid global trade pressures

In a major policy shift, the government has postponed its digital wallet program and reallocated funds to long-term development projects, including infrastructure, tourism, and SME support, to counter U.S. trade impacts and boost economic resilience. BANGKOK, Thailand – The government has indefinitely postponed Phase 3 of the Digital Wallet Program and redirected its 150 billion baht budget toward structural economic reforms and measures to addr…

Thailand Aims to Ease US Deficit and Avert 36% Tariffs

Thailand, which depends heavily on trade, has proposed the Trump administration a framework of suggestion to begin official negotiations to prevent a 36% tariff on its imports. Thailand hopes its recent efforts to stop the misuse of origin laws for exports will reduce its trade deficit with the United States (US) by as much as $15 billion annually, as per Finance Minister Pichai Chunhavajira. At an American Chamber of Commerce conference in Bang…

Thailand eyes US$15 billion cut in US trade gap with export rules

Thailand expects to reduce its trade gap with the US by as much as US$15 billion annually with its recent initiatives to prevent the misuse of origin rules for exports, according to Finance Minister Pichai Chunhavajira.