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
Tag: tariffs
Thailand 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 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 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 moreSoutheast Asian nations want to discuss tariffs with Trump as a unified bloc, Malaysia PM says
By AP and published by Yahoo!News Kuala Lumpur, Malaysia – Southeast Asian nations will forge a common front to face challenges including economic headwinds from US tariffs and a four-year civil war in Myanmar, Malaysian Prime Minister Anwar Ibrahim said today (May 26). Opening an annual summit of the Association of Southeast Asian Nations,
Read moreUS and China take a step back from sky-high tariffs, agree to pause for 90 days
By AP and published by Yahoo!Finance Geneva – US and Chinese officials said on Monday (May 12) they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s
Read moreTrump says ordering ‘100% tariff’ on all movies produced abroad
By Reuters and published by CNA Washington – US President Donald Trump on Sunday (May 4) announced a 100 percent tariff on movies produced outside the country, saying the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted
Read moreTwo issues led to Thai-US talks being postponed: Pichai
DEPUTY Prime Minister/Finance Minister Pichai Chunhavajira said today (Apr. 22) US is concerned about two key issues which will be brought up when the postposed Thai-US tariff negotiations take place, Naewna newspaper said. The first is that while US wants more Thai exports to flow in, it is concerned about other countries manipulating the
Read moreThai-US tariff negotiations postponed
THE expected Thai-US trade negotiations focusing on the 36% tariff US President Donald Trump has imposed on Thailand which was set to take place on Wednesday Apr. 23, 2025 has now been postponed, Naewna newspaper said this evening (Apr. 21). Commerce Minister Pichai Naripthaphan said the Thai delegation, headed by Deputy Prime Minister/Finance Minister
Read moreTrump signals tit-for-tat China tariffs may be near end; TikTok deal on ice
By Reuters and published by Yahoo!Finance Washington – US President Donald Trump on Thursday (Apr. 17) signalled a potential end to the tit-for-tat tariff hikes between the US and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait. “I don’t want them to
Read moreThai beef farmers oppose opening door to US beef
REPRESENTATIVES of nationwide beef farmers today (Apr. 17) submitted a letter to Agriculture and Cooperatives Minister Narumon Pinyosinwat opposing import of US beef as part of any settlement on the 36% tariff US President Donald Trump has imposed on Thailand, TV Channel 7 said. The beef farmers, who also represent Thai Beef Association, had
Read moreChina hits back at Trump tariff hike, raises duties on US goods to 125%
By Reuters and published by USA Today Beijing/Warsaw/Washington- Beijing on Friday (Apr.11) increased its tariffs on US imports to 125%, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains. Meanwhile, the turmoil
Read moreAsean ministers hold virtual meeting, want balanced solution to tariffs
THAI Commerce Minister Pichai Naripthapan attended a Special Asean Economic Ministers’ Meeting via video conference this morning (Apr. 10) where it was agreed to propose constructive negotiations and find a balanced solution with US after President Donald Trump imposed steep new tariffs on most trading partners and while this has been paused for 90
Read moreTrump pauses tariffs for 90 days but hits China harder
By Reuters and published by CNA Washington – In a stunning reversal, United States President Donald Trump said on Wednesday (Apr. 9) he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending US stocks rocketing higher. Trump’s turnabout, which came less
Read moreUS forges ahead with 104% tariffs on China, says willing to talk to other countries
By Reuters and published by CNA Washington/Beijing – The United States said on Tuesday (Apr. 8) that 104 percent duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan. US stocks
Read moreThaksin: Tariff could be reduced to 0% but must be 0 for both sides
DE FACTO Pheu Thai boss Thaksin Shinawatra said today (Apr. 8) in advising his daughter/Prime Minister Paetongtarn Shinawatra regarding negotiating with US about the 36% tariff President Donald Trump has imposed on Thailand he mentioned that the Thai side could reduce the levy to 0% but it must be 0 for both sides, Thai
Read moreChina denounces as ‘blackmail’ Trump’s threat to ratchet tariffs by a further 50%
By Agencies and published by CNA Beijing – China decried as “blackmail” on Tuesday (Apr. 8) US President Donald Trump’s threat to add a further tariff of 50 percent on its goods, after he demanded that Beijing withdraw its plans for counter-tariffs. If neither side blinks and Trump sticks to his plans, total new
Read moreUS stocks plunge, suffer biggest losses since Covid-19 crash amid escalating trade war
Updated report by Reuters – published by CNA and Thai Newsroom New York – Wall Street nosedived for a second straight day on Friday (Apr. 4), after China said it would strike back at US President Donald Trump with additional tariffs of 34 percent on American goods, escalating a trade war that has rattled
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