The Minister of Commerce has announced that Pichai Chunhavajira, Thailand’s Minister of Finance, made a video conference with the United States Trade Representative on July 16 to propose new concessions to the U.S.
The report details a proposal for additional tens of thousands of import categories that Thailand will offer the U.S. with zero tariffs. In exchange, the negotiation team proposed the Trump Administration to lower import tariffs of Thai products to 18%, a level that would make Thailand able to compete with Vietnam and Indonesia that received 20% and 19% tariffs, respectively.
