Latest news with #export market
CNA
a day ago
- Business
- CNA
Thai industrial sentiment falls to lowest level in 3 years
BANGKOK :Thailand's industrial sentiment index fell for a fifth straight month in July, hitting a three-year low due to worries about the impact of U.S. tariffs and the border conflict with Cambodia, the Federation of Thai Industries said on Tuesday. The survey was conducted before the U.S. set tariffs on Thai imports at 19 per cent, which was in line with regional peers. However, the tariff rates on transshipments via Thailand from third countries remain uncertain. The United States is Thailand's biggest export market and last year accounted for 18.3 per cent of total shipments, worth $55 billion. The FTI said its industrial sentiment index dropped to 86.6 in July from 87.7 in June. Other factors weighing on sentiment included flooding in the country's north and weakening purchasing power, the FTI said.
CNA
29-07-2025
- Business
- CNA
Thailand-US trade talks should be concluded before Aug 1, minister says
BANGKOK: Thailand's trade talks with the United States are expected to be concluded before Aug 1, and US tariffs on the country are not expected to be as high as 36 per cent, its finance minister said on Tuesday (Jul 29). The United States was Thailand's largest export market last year, accounting for 18.3 per cent of total shipments, or US$54.96 billion. Washington has put its deficit with Thailand at US$45.6 billion. Thailand is ready to negotiate and its proposal remains the same, Finance Minister Pichai Chunhavajira told reporters. "The United States has already opened the way for further negotiations, and we will continue the discussions," he said. Asked whether the talks could be done before the Aug 1 deadline, Pichai said, "Yes, it can be done in time. We're definitely ready and now we'll see how the US decides." US tariffs on Thailand could be announced on Aug 1 or Aug 2, Pichai said. "This is roughly where things stand. I think it's very close now," he added. "I believe we definitely should not face 36 per cent." Earlier this month, Pichai said the country made more concessions in addition to an earlier improved trade proposal that offered zero tariffs on many US products. He said US tariff rates on Thailand are expected to align with other countries in the region.
