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
Tag: Trump
Trump 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 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 moreTrump signs proclamation banning travel from 12 countries, including Myanmar
By Agencies and published by CNA Washington – United States President Donald Trump signed a proclamation banning travel from certain countries to “protect Americans from dangerous foreign actors”, the White House said on Wednesday (June 4). The proclamation fully restricts and limits the entry of nationals from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial
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 moreThaksin will not be meeting Trump as court refuses to let him leave the country
THE CRIMINAL Court on Ratchadapisek road today (May 8) refused to grant permission for de facto Pheu Thai boss Thaksin Shinawatra to travel to Qatar where he would have an opportunity to meet US President Donald Trump, Amarin TV said. Thaksin was accompanied by Foreign Minister Maris Sangiampongsa for the hearing on his request
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 moreFormer finance minister warns against borrowing 500bn baht to stimulate the economy
AMID a move to borrow 500 billion baht to stimulate the economy in face of US tariff crisis, a former finance minister warned the government to stop selling dreams of turning a crisis into an opportunity, Naewna newspaper said today (Apr. 29). Mr. Thirachai Phuvanatnaranubala, former finance minister and deputy leader of Palang Pracharath
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 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 moreMarkets sink as Trump’s tariffs roil global trading system
By AP and published by WPRI.com12 SHARES nosedived around the world today (Apr. 7) as higher US tariffs and a backlash from Beijing triggered massive sell-offs. European shares followed Asian markets lower, with Germany’s DAX falling 6.5% to 19,311.29. In Paris, the CAC 40 shed 5.9% to 6,844.96, while Britain’s FTSE 100 lost 5%
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
Read moreTrump’s ‘tariffquake’ marks the end of US leadership globally
THE sweeping tariffs imposed by US President Donald Trump have been termed the end of globalisation and free trade. In fact, it marks the end of US leadership worldwide. If trust is the most important criteria of leadership, the US has clearly lost the trust of the vast majority of countries and the global
Read moreThai economist calls for setting up ‘war room’ to cope with Trump’s 36% tariff
A BANK of Thailand Monetary Policy Committee member suggested Thailand urgently set up a “war room” to cope with a raft of punishing tariffs US President Donald Trump announced earlier today (Apr.3) targeting countries around the world with Thailand hit with 36%, Naewna newspaper said. Dr. Santitarn Sathienthai, who is also an adviser on
Read moreAnalysis-Trump tariffs pile stress on ailing world economy
By Reuters and published by Yahoo!News London/Tokyo –The latest round of US trade tariffs unveiled on Wednesday (Apr. 2) will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of
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