Thailand to discuss tariff risks, consider boosting US imports

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Thailand to discuss tariff risks, consider boosting US imports - Business Mirror

Quick Summary:

Thailand will consider importing more US goods and discuss tariff risks with businesses, according to Finance Minister Pichai Chunhavajira, as the Southeast Asian nation seeks to ease Washington’s concerns over its large trade surplus.

The market value of 1 million tons is about $200 million.“We’re being proactive and hope that we can leverage this in our talks with the US,” he said, adding the government is considering efforts to strengthen defense and security relations.“Their great trade deficit with us will likely be negotiated, but they also still need an ally in Southeast Asia.

Thailand risks an influx of cheap Chinese goods following the Trump administration’s move to slap tariffs on Chinese imports, an industry group said.