Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
- Posted on July 6, 2025
- By Business News Today
- 1 Views
Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
Thailand proposes boosting trade with the U.S. Pichai Chunhavajira aims to cut Thailand's trade surplus by 70% in five years. The goal is to balance trade in seven to eight years. This is to avoid potential U.S. tariffs. Washington may impose a 36% levy. Thailand seeks a 10% rate. A 10% to 20% range is acceptable.
