THAILAND SAYS US TARIFF PAUSE GIVES MORE TIME FOR RESPONSE- Trump’s tariffs included a 36% tax on Thai exports to the US
Thai prime minister Paetongtarn Shinawatra said today that there would be more time to refine their plans before negotiating with the U.S. government, after President Donald Trump said he would temporarily lower the hefty duties he had imposed on dozens of countries.
Thailand has prepared more economic stimulus focused on creating jobs, Finance Minister Pichai Chunhavajira said today, adding that the 90-day pause on U.S. tariffs announced overnight would give officials more time to prepare a response.
Trump’s tariffs included a 36% tax on Thai exports to the US. A drop in exports would impact manufacturing and employment and so mitigation measures had been prepared, according to Pichai.
Thailand has said it would increase imports from the United States and lower tariffs as it seeks to negotiate a better deal.
