Thailand has submitted latest trade proposal to United States, finance minister says
Washington has threatened to impose a 36% levy on imports from Thailand if a reduction cannot be negotiated before July 9, when a 90-day pause capping tariffs at a baseline of 10% for most nations expires.
The United States accounted for 18.3% of Thailand's shipments last year, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
"We heard their feedback and what what they were especially interested in and we adjusted it," said minister Pichai Chunhavajira, who returned from Washington last week following talks.
He said there could be other adjustments in future.
Thailand's top three exports to the United States last year were computers, teleprinters and telephone sets, and rubber products. Its top three imports from the U.S. were crude oil, machinery and parts, and chemicals.
Thai state-owned energy giant, PTT Group (PTT.BK), opens new tab in June signed an agreement to procure 2 million metric tons of liquefied natural gas per year from Glenfarne's Alaska LNG project over a 20-year term. The $44 billion project has been by U.S. President Donald Trump.
Pichai earlier said Southeast Asia's second-largest economy, opens new tab could expand by just over 1% this year due to the impact of U.S. tariffs.
Thailand's has struggled with weak consumption, soaring household debt, slowing tourism, trade uncertainty and potentially steep U.S. tariffs.
Last month, the central bank forecast economic growth of 2.3% this year, after last year's growth of 2.5% lagged peers in the region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Auto Blog
14 minutes ago
- Auto Blog
10 Most Expensive Car Parts to Fix—And How They Wreck Resale Value
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. New data shows how some auto repairs just aren't worth it Auto repairs can be costly, and prices for the service are increasing as the U.S. imposes tariffs on imported parts. Electric vehicle (EV) repairs can be especially costly, as the repair service market for this car class is projected to rise by $40.06 billion this year, according to NexusMedia, which cites insights from EasySearch. However, auto repairs can cost you in ways that extend beyond immediate expenses. 0:04 / 0:09 2024 Kia EV6 GT-Line review: Is this the EV that will convert you? Watch More Some repairs can reduce your vehicle's resale value by as much as 45%, underscoring the importance of knowing when to hold on to a vehicle for repair or sell and cut losses. Hybrid or EV batteries were ranked as the most expensive part to repair, averaging $12,500 to fix, with an estimated $9,000 loss in resale value, or 45%. Engine and cylinder fixes were second behind hybrid or electric batteries at a $7,000 average repair and a $8,000 or 40% resale value decrease. Drivers were listed as searching online about engine and cylinder fixes the most, with 2.46 million related searches. Automatic gearboxes ranked third with an average cost of $5,000 to fix and a $7,000 or 35% resale value hit. Transmissions weren't far behind at a $4,500 average repair cost and $6,000 or 30% estimated value loss. A service technician works under the hood of a customer's vehicle at a Goodyear Tire and Rubber Co. Auto Service Center in Millington, Tennessee — Source: Getty Another expensive EV and hybrid part to repair is an inverter, which typically costs $3,500, resulting in a $4,000 or 20% decline in value. Still, data indicates that this repair is less common, as the study only noted 62,500 related searches online—the list's third-lowest number of searches. Air suspension, if not included in the broader suspension category, poses an average repair cost of $2,750 and a $3,000 or 15% drop in resale value, but it received the lowest number of related online searches at 17,600. Airbags and suspension both carry an average repair bill of $2,500, but airbag fixes have a significantly more pronounced impact on resale value, at $5,000 or 25%, compared to the latter's $2,400 or 12%. Head gasket and turbocharger repairs cost drivers $2,250 upfront. However, head gasket service results in an estimated $3,000 or 15% decrease in resale value, while turbochargers can reduce resales by $2,400 or 12%. EV vs. internal combustion engine (ICE) repairs: a driver's dilemma 'The era of 'fix it until it dies' car ownership is rapidly coming to an end, replaced by a more calculated approach where repair decisions increasingly resemble stock trading, with knowing when to hold, and when to cut your losses. Today's drivers face a paradox: while electric and hybrid vehicles promise lower lifetime maintenance costs, a single catastrophic component failure can instantly wipe out years of fuel savings and render an otherwise functional car financially toxic,' a NexusMedia spokesperson said. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Final thoughts The growing complexity of vehicles, especially hybrids and EVs, means that repairs are getting more expensive, requiring specialized training and equipment. Even if you don't drive a hybrid or an EV, advanced driver assist systems (ADAS) such as autonomous tech are increasing the list of pricey repairs motorists face. Given this landscape, drivers should consider potential repair costs and their subsequent impact on resale value as among the primary factors making or breaking their next vehicle purchase. About the Author Cody Carlson View Profile
.jpg%3Ftrim%3D0%2C50%2C0%2C50%26width%3D1200%26height%3D800%26crop%3D1200%3A800&w=3840&q=100)
The Independent
14 minutes ago
- The Independent
Fox News' Peter Doocy corners Karoline Leavitt on Pam Bondi's broken Epstein ‘client list' promise
With much of the MAGAverse irate over the Trump administration's conclusion that disgraced financier Jeffrey Epstein killed himself and didn't possess an explosive 'client list,' Fox News' Peter Doocy grilled Karoline Leavitt about Attorney General Pam Bondi's previous 'Epstein file' claims. 'So what happened to the Epstein client list that the attorney general said she had on her desk?' Doocy wondered during Monday's White House press briefing. Bondi, who has faced the brunt of conservatives' wrath for failing to deliver on her past promises of releasing a 'truckload' of bombshell FBI documents on Epstein, told Fox News in late February that she literally had possession of the convicted sex offender's supposed black book of prominent figures who engaged in illegal sexual activities. 'It's sitting on my desk right now to review,' the attorney general told Fox News anchor John Roberts at the time. 'That's been a directive by President Trump.' Following a much-maligned photo-op where she handed MAGA influencers binders full of already-public documents about the Epstein case, Bondi attempted to save face in an early March appearance on Sean Hannity's primetime Fox News show. Suggesting a 'deep state' coverup was to blame for the earlier botched release, Bondi then insisted that the FBI had just given her and FBI Director Kash Patel a treasure trove of never-before-seen information. 'A truckload of evidence arrived. It's now in the possession of the FBI,' she breathlessly told Hannity. 'Kash is going to get me and himself, really, a detailed report as to why all these documents and evidence had been withheld.' This week, however, the Department of Justice and FBI released a two-page unsigned memo concluding that the agencies had found no evidence that Epstein was murdered in his jail cell while awaiting trial in 2019. Additionally, they were unable to find any list of powerful clients that Epstein was attempting to blackmail for having sex with underage girls. In the end, despite Patel and FBI Deputy Director Dan Bongino being frequent purveyors of Epstein conspiracy theories as right-wing media figures, the DOJ and FBI stated that no one else involved with the Epstein case would be charged. Naturally, the FBI leaders and Bondi have come under fire from the MAGA media ecosystem over their handling of the Epstein probe – which carried over to Monday's White House presser. Responding to a Newsmax reporter asking what she would tell Trump supporters who say they want anyone involved in Epstein's alleged crimes to be held accountable, Leavitt claimed that the administration was 'committed to truth' and had investigated the matter thoroughly. 'They committed to an exhaustive investigation, that's what they did, and they provided the results of that. That's transparency,' the White House press secretary noted. Doocy, however, followed up by bringing up Bondi's past declarations about being in possession of specific evidence in the federal Epstein case, and wondered why the attorney general now claims these documents do not exist. 'The FBI looked at the circumstances surrounding the death of Jeffrey Epstein,' the Fox News correspondent stated. 'According to the report, this systematic review revealed no incriminating client list. So what happened to the Epstein client list that the attorney general said she had on her desk?' After Leavitt attempted to reframe what Bondi had said during her Fox News interview, Doocy cut her off and confronted her with the attorney general's exact quotes. 'John Roberts said, 'DOJ may be releasing a list of Jeffrey Epstein's clients, will that really happen?' And she said, 'It's sitting on my desk right now to review,'' Doocy flatly said. 'She was saying the entirety of all of the paperwork and relation to Jeffrey Epstein's crimes, that's what the attorney general was referring to and I will let her speak for that,' Leavitt deflected, adding: 'But when it comes to the FBI and the Department of Justice, they are more than committed to ensuring that bad people are put behind bars.' Since the release of the memo, Bondi has been ripped by a number of MAGA loyalists who are incensed about her overhyping the release of the Epstein documents while failing to prosecute influential figures, calling for her to resign or be fired. On top of that, former 'first buddy' Elon Musk has said the DOJ memo is the 'final straw,' as he now vows to start a new political party after reigniting his public feud with Trump.
The Independent
14 minutes ago
- The Independent
Immigration agents swarm MacArthur Park in Los Angeles in show of force drawing ire of Mayor Karen Bass
Dozens of heavily armed federal agents in military-style gear conducted an apparent immigration enforcement operation on Monday morning in Los Angeles 's MacArthur Park, provoking outrage from Los Angeles Mayor Karen Bass, who quickly arrived on the scene of the raid. 'Minutes before, there were more than 20 kids playing — then, the MILITARY comes through,' she wrote on X, sharing a video of about 20 officers, including some on horseback, marching through the park. 'The SECOND I heard about this, I went to the park to speak to the person in charge to tell them it needed to end NOW. Absolutely outrageous.' Border Patrol agents were photographed at the park and local media reported the presence of military vehicles and a Department of Homeland Security helicopter. The Independent has contacted the Department of Homeland Security, the Border Patrol, and the military task force overseeing the deployment of Marines and California National Guard members in Los Angeles for comment. The operation reportedly started around 10:30 a.m. and lasted about an hour. It's unclear who it was targeting or if anyone was arrested. Activists with megaphones alerted bystanders in the park about the operation, and people were reportedly seen running down the street yelling, 'la migra,' a Spanish term for immigration officials. Protesters reportedly gathered in the park and screamed for the officials to 'get the f*** out,' and Bass was seen amid the scrum using a Border Patrol agent's phone to speak with a senior official, urging officers to leave. 'I don't work for Karen Bass,' Border Patrol El Centro sector chief Gregory Bovino told Fox News after the operation. 'Better get used to us now, cause this is going to be normal very soon. We will go anywhere, anytime we want in Los Angeles.' Local activists condemned the operation, which comes after the deployment of federal troops in Los Angeles amid fiery anti-immigration raid protests. 'This was just one big, perverse publicity stunt,' Ron Gochez of the group Unión del Barrio told The Los Angeles Times. 'It was just to show force, it was just to take pictures.' The Trump administration's spending package gives immigration and border officials an infusion of about $170 billion, an unprecedented increase in funding, expected to increase the size and pace of immigration raids across the country.
