By Reuters and published by Yahoo!News Washington/Mexico City – US President Donald Trump on Saturday (July 12) threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major US trading partners failed to reach a comprehensive trade deal. In an
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Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
By Reuters and published by CNA Washington – US President Donald Trump said on Thursday (July 10) the United States would impose a 35 percent tariff on imports from Canada next month and planned to impose blanket tariffs of 15 percent or 20 percent on most other trade partners. In a letter released on
Read moreSuffering mangosteen farmers helped with prices now rising
AFTER THE Commerce Ministry’s Internal Trade Department stepped in to help mangosteen farmers in southern Nakhon Si Thammarat province last week prices of this fruit have now increased, Naewna newspaper said today (July 10). The farmers’ plight came to light when Commerce Minister Jatuporn Buruspat visited this province on July 4 after which he
Read moreTrump’s letter is a business negotiation tactic: Thaksin
DE FACTO Pheu Thai boss Thaksin Shinawatra said late last night (July 9) that the letter US President Donald Trump sent to Thailand on Monday (July 7) setting August 1 as the new deadline to conclude a deal on 36 percent tariff he is imposing on the country is a business negotiation tactic, Amarin
Read moreIndonesia signs energy, grain deals with US
By AFP and published by CNA Jakarta – Indonesia’s state oil company and agricultural firms have signed deals to increase their purchases of United States goods, the country’s chief economic minister told AFP on Wednesday (July 9), as Jakarta lays the groundwork to avoid the worst of President Donald Trump’s tariffs. Southeast Asia’s biggest
Read moreThai exports could take $27 billion hit from US tariffs, industry group says
By Reuters and published by CNA THE Federation of Thai Industries on Tuesday (July 8) estimated that damage to Thai exports could reach 800 billion to 900 billion baht ($24.5 billion to $27.6 billion) from US tariffs of 36 percent, slated to start in August. Meanwhile, Asian economies prepared on Tuesday to step up
Read moreReview 2026 budget as Thailand is facing full 36% tariff hike: Korn
FORMER finance minister Korn Chatikavanij said in a Facebook post early this morning (July 8) that the national budget for fiscal 2026 should be reviewed as Thailand is now facing worst possible US tariff increase of 36% from August 1 as announced by US President Donald Trump a few hours earlier, Naewna newspaper said.
Read moreThailand faces 36% hike as Trump unveils first wave of steeper US tariffs in push for deals
By Reuters and published by CNA Washington – US President Donald Trump on Monday (July 7) began telling trade partners – among them Thailand – that sharply higher US tariffs will start Aug. 1, marking a new phase in the trade war he launched earlier this year. The 14 countries sent letters so far,
Read moreThailand has submitted latest trade proposal to United States, finance minister says
By Reuters and published by Yahoo!Finance THAILAND has submitted its latest trade proposal to the United States, its finance minister Pichai Chunhavajira said on Monday (July 7), as it tries to head off steep tariffs from its largest export market. Washington has threatened to impose a 36% levy on imports from Thailand if a
Read moreThailand still negotiating Trump tariff
THAILAND is still negotiating the tariff rate US will impose on Thai products while concerned about the outcome and hoping that the hiked rate of 36%, which was paused for 90 days with a 10% rate applied to allow time for negotiation, will be postponed further on July 9, Naewna newspaper said this morning
Read moreThailand and Bangladesh connect Ranong and Chittagong ports
IN AN effort to become a hub for Andaman transportation a key step has been taken to connect southern Thai Ranong port to Bangladesh’s main port Chittagong, Naewna newspaper said this morning (July 3). Both Thailand and Bangladesh are members of Bimstec (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) with other
Read moreTrump says US struck trade deal with Vietnam
By Reuters and published by CNA Washington – United States President Donald Trump said on Wednesday (July 2) that the US has struck a trade deal with Vietnam, after months of negotiations, that imposes a 20 percent tariff rate on many imports from the Southeast Asian country. The rate is lower than the initial
Read moreThai economy slows in May on weaker tourism, production, central bank says
By Reuters and published by CNA THAILAND’S economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday (June 30). The tourism sector in May saw a decline in both revenue and
Read moreWarning that a single audio clip could lead to Thai economy collapsing
THE SWIRLING political storm over leaked audio clip of a phone call that Prime Minister Paetongtarn Shinawatra made to Cambodian Senate President Hun Sen may lead to the Thai economy collapsing, TV Channel 7 quoted Mr. Poj Aramwattananon, chairman of the Thai Chamber of Commerce, as saying this evening (June 19). Thailand is currently
Read moreThai May exports jump 18.4% y/y, well above forecast
By Reuters and published by CNA THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations. The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise. In the first
Read moreClosing 5 key Thai-Cambodian border checkpoints will pile up 170 billion baht losses
AN INITIAL estimate of damage from possible closure of five key Thai-Cambodian border checkpoints is that this would be as high as 174.53 billion baht based on Customs Department’s total trade value last year, TV Channel 7 and Daily News newspaper said. The Commerce Ministry’s Foreign Trade Department said the checkpoint that registered the
Read moreUS pizza chain Little Caesars eyes India expansion with dozens of new stores
By Reuters and published by Yahoo!News US pizza chain Little Caesars is planning to open dozens of stores in India over the coming years aiming to capitalise on the country’s robust economic growth, an executive told Reuters. Little Caesars will open its first Indian store in the Delhi NCR region this month. “India is
Read moreFour candidates confirm applications for Bank of Thailand Governor
By Reuters and published by CNA A UNIVERSITY dean, a board member at the state planning agency and the head of a state bank are among the seven candidates to Thailand’s next central bank governor, with the selection committee to prepare a shortlist over the next month. By Thursday (June 5), four people had
Read moreFederal court blocks Trump from imposing sweeping tariffs under emergency powers law
By AP and published by Yahoo!News and BBC Washington – A federal court on Wednesday (May 28) blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears
Read moreBig event to draw Chinese tourists in H2 taking place soon
IN celebrating 50 years of Thai-Chinese relations the government is launching a big event, “Sawadee Ni Hao”, to attract more Chinese tourists to Thailand in the second half of this year, TV Channel 7 said this morning (May 22). Ms. Sasikarn Wattanachan, deputy government spokesperson, said over 13 million foreign tourists visited the country
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