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Tengku Zafrul in US Again to Begin Talks on Tariffs
- This week, Thailand plans to present its official trade offer to the United States and initiate the first round of virtual technical talks aimed at resolving tariff issues.
- This action follows Thailand's submission last month of a proposal aiming to reduce a looming U.S. 36% tariff by negotiating terms to ease trade imbalance and enable market access.
- The negotiations, announced by Finance Minister Pichai Chunhavajira on June 17, will begin with online talks and may lead to face-to-face meetings to avoid tariff escalation.
- In the previous year, Thailand’s leading destination for exports was the United States, receiving shipments valued at $55 billion, which represented 18.3% of Thailand’s total exports, while the U.S. trade deficit with Thailand totaled $45.6 billion.
- The outcome could affect global trade flows since high U.S. tariffs risk reducing American imports, causing exporters to face challenges and shifting trade toward other markets like China.
14 Articles
14 Articles
Tengku Zafrul in US again to begin talks on tariffs
KUALA LUMPUR: Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has arrived in the United States (US) to begin discussions on reciprocal tariffs ahead of the expiry of a temporary exemption on July 8.
Thailand to submit formal trade proposal to US this week
Thailand will submit its formal trade proposal to the United States this week, with the first round of discussions to take place online, Finance Minister Pichai Chunhavajira said on Tuesday, as the country seeks to head off the threat of higher US tariffs.
Thailand to submit formal trade proposal to U.S. this week, says Finance Minister
The Southeast Asian nation faces a 36% U.S. tariff on its exports if a reduction cannot be negotiated before a 90-day pause that caps President Donald Trump's "reciprocal" tariffs at a baseline of 10% expires in July.
Mahathir Urges ASEAN to Create United Front Against U.S.; Warns High Tariffs Will Be ‘Very Damaging for America’
Members of the Association of Southeast Asian Nations should create a united front in negotiations with the United States, former Malaysian Prime Minister Mahathir Mohamad said in a recent interview with The Yomiuri Shimbun.
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