By Reuters and published by Yahoo!News WASHINGTON – US President Donald Trump said on Saturday (Feb. 21) he will raise a temporary tariff from 10% to 15% on US imports from all countries, the maximum level allowed under the law, after the US Supreme Court struck down his previous tariff programme. The move came
Tag: tariffs
US Supreme Court ruling on Trump tariffs boosts global economic growth: Academic
THE US Supreme Court ruling that a law President Donald Trump relied on to impose tariffs does not authorise the president to do so will have a positive impact on global economic growth in terms of the volume and value of world trade with Asian economies, including Thailand, benefiting, a respected Thai academic said
Read moreTrump vows 10% global tariff after stinging court rebuke
By AFP and published by CNA WASHINGTON – US President Donald Trump vowed on Friday (Feb. 20) to impose a 10 percent tariff on all imports into the United States after the Supreme Court handed him a stinging rebuke by striking down his signature economic policy. The conservative-majority top court ruled six-three that a
Read moreThai oil prices not rising in the short term after Trump tariff threat to Iran trading partners
OIL prices in Thailand are not rising in the short term despite US President Donald Trump having on Monday (Jan. 12) announced a 25 percent tariff on any country trading with Iran, amid Tehran’s violent crackdown on a wave of protests, PPTVHD36 said today. Energy Minister Auttapol Rerkpiboon said while this development will affect
Read moreThailand says US trade talks to proceed despite Cambodia dispute
By Reuters and published by CNA THAILAND will proceed with negotiations on a reciprocal trade deal with the United States, its government said on Saturday (Nov. 15), stressing that the discussions will remain separate from its border dispute with Cambodia. Bangkok had earlier said Washington was suspending talks until Thailand reaffirmed its commitment to a
Read moreUS suspends tariff negotiations with Thailand in push to comply with peace pact
By Amarin TV and AFP – published by CNA AFTER US President Donald Trump discussed Thai-Cambodian border flare-up with Thai Prime Minister Anutin Charnvirakul over the phone last night (Nov. 14 Thailand time) the Deputy Trade Representative informed the country that US is temporarily suspending tariff negotiations in persuading Thailand to comply with the
Read moreUS will impose additional 100% tariff on Chinese imports from November, Trump says
By Agencies – published by CNA and AP – published by Yahoo!News Washington – The United States of America will slap an additional 100 percent tariff on imports from China and impose export controls on all critical US-made software from November 1, President Donald Trump said on Friday (Oct. 10). In a post on
Read moreTrump doubles India tariffs to 50% over Russian oil purchases
By Agencies and published by CNA Washington – US President Donald Trump on Wednesday (Aug. 6) ordered an additional 25 percent tariff on goods from India for its purchases of Russian oil. The tariff, set to take effect in three weeks, comes on top of a separate 25 percent duty entering into force on
Read more19% tariff for both Thailand and Cambodia shows US more focused on mutual benefit: Korn
FORMER finance minister Korn Chatikavanij said in a Facebook post today (Aug. 1) that US tariff of 19 percent for both Thailand and Cambodia shows that the superpower is not distinguishing between right and wrong and clearly in this era friendship is not as important as mutual benefit, TV Channel 7 said. US President
Read moreTrump unveils new tariffs for dozens of trading partners
By Agencies and published by CNA NEW US tariffs on a wide swath of America’s trading partners will now go into effect on Aug. 7 after President Donald Trump signed an executive order on Thursday (July 31) modifying the rates for many economies. The order capped off a hectic day as nations sought to
Read moreUS says it won’t rush trade deals ahead of August deadline, will engage China
By Reuters and published by CNA Washington – The Trump administration is prioritising the quality of trade agreements over meeting a looming deadline, US Treasury Secretary Scott Bessent said on Monday (July 21), as countries scramble to avoid steep new tariffs set to take effect on Aug. 1. “We’re not going to rush for
Read moreThailand offers to slash tariff to 0% on large number of US goods
AMID ONGOING negotiation with the US on reducing the punitive 36% tariff on Thais exports looming on August 1 the Thai team last night (July 16) offered to slash the levy on tens of thousands of US goods to 0%, Thai Rath newspaper said. Commerce Minister Jatuporn Buruspat said the Thai team, led by
Read moreFocus on self-development if 0% tariff not accepted: Korn
FORMER finance minister Korn Chatikavanij said in a Facebook post today (July 16) that a strategy for self-development is most important for Thailand should the country not accept 0% tariff on US goods, Naewna newspaper said. As announced by US President Donald Trump today the deal with Indonesia is similar to the one struck
Read moreAcademic urges Thais to watch Trump tariff negotiation
THAIS should watch three key issues surrounding the negotiation on 36 percent tariff US President Donald Trump is imposing on exports from the country and should demand transparent disclosure of any agreement reached, Naewna quoted an academic as saying today (July 13). Dr. Suriyasai Katasila, dean of Rangsit University’s College of Social Innovation, said
Read moreTrump intensifies trade war with threat of 30% tariffs on EU, Mexico
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
Read moreTrump 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 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 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,
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