Thailand's negotiations with Washington on steep trade tariffs were postponed because the United States has asked Bangkok to review important issues, Prime Minister Paetongtarn Shinawatra said.
Thailand is among the Southeast Asian nations hardest hit by U.S. President Donald Trump's measures, facing a 36% tariff if a reduction cannot be negotiated before a global moratorium expires in July.
"We're not too slow and we are reviewing issues, including our tariffs that may be adjusted appropriately," Paetongtarn said, adding that Thai agriculture exports and additional imports were being examined.
The United States was Thailand's largest export market last year, accounting for 18.3% of total shipments, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
"We are consulting academics and all parties and doing our best in this situation," she added.
"We are protecting the agricultural interests as much as possible," she said.
Thailand is among the Southeast Asian nations hardest hit by U.S. President Donald Trump's measures, facing a 36% tariff if a reduction cannot be negotiated before a global moratorium expires in July.
"We're not too slow and we are reviewing issues, including our tariffs that may be adjusted appropriately," Paetongtarn said, adding that Thai agriculture exports and additional imports were being examined.
The United States was Thailand's largest export market last year, accounting for 18.3% of total shipments, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
"We are consulting academics and all parties and doing our best in this situation," she added.
"We are protecting the agricultural interests as much as possible," she said.
7 months ago
