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Thailand's Last-Minute Power Play: Can It Dodge Trump's 36% Tariff Bomb?
Thailand's Last-Minute Power Play: Can It Dodge Trump's 36% Tariff Bomb?

Yahoo

time2 days ago

  • Business
  • Yahoo

Thailand's Last-Minute Power Play: Can It Dodge Trump's 36% Tariff Bomb?

Thailand is racing against the clock to avoid a 36% tariff wall from President Donald Trumpand it's coming to the table with its boldest offer yet. In a last-ditch effort, Bangkok now says it's ready to drop tariffs on 90% of US goods, a sharp escalation from its earlier 60% proposal. Chanintr Chalisarapong, vice chairman of the Thai Chamber of Commerce, told Bloomberg the new package could trim the $46 billion US trade surplus by 70% in just three years and bring the books to balance within five. Thailand is hoping to land a lower final tariff ratepossibly in the 18% to 20% rangewell below Trump's announced 36%, which is set to kick in on August 1. Warning! GuruFocus has detected 6 Warning Signs with BA. This isn't just about tradeit's about survival. The US is Thailand's biggest export market, accounting for 18% of shipments. Miss the mark, and the country could lose up to a full percentage point in export-driven growth. Thailand's revised offer includes bigger purchases of liquefied natural gas, Boeing (NYSE:BA) aircraft, and US ag staples like corn and soybeansmoves that could resonate with key US voter blocs. Digital services from the US may also be spared local tax, giving tech names like Tesla (NASDAQ:TSLA) more breathing room if digital or EV policy gets looped in down the line. Chanintr believes Thailand's offer now outpaces those from Vietnam and Indonesia, which both settled for 1920% tariff levels in their own talks. Timing couldn't be more delicate. Domestic demand is soft. Household debt is Southeast Asia's highest. And the political scene just got rattled with Prime Minister Paetongtarn Shinawatra's suspension. With investor sentiment already on edge, a breakthrough could ease pressure and restore some stability. We're so close to the finish line, Chanintr said. Talks are ongoing with USTR Jamieson Greer. The hope? Wrap up before August 1 and avoid getting sideswiped by the broader tariff wave in what Chanintr calls a global trade war, not just a bilateral one. This article first appeared on GuruFocus.

Thailand to Offer Trump No Duties on 90% of Goods, Adviser Says
Thailand to Offer Trump No Duties on 90% of Goods, Adviser Says

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Thailand to Offer Trump No Duties on 90% of Goods, Adviser Says

Thailand is set to offer scrapping tariffs on 90% of US goods, up from a previous plan for over 60%, in a bid to avert a punishing levy threatened by President Donald Trump, according to a business group advising Thai negotiators. Bangkok's third proposal would potentially eliminate tariffs and non-tariff barriers on about 10,000 US products, Chanintr Chalisarapong, vice chairman of the Thai Chamber of Commerce, told Bloomberg News in an interview Thursday.

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