financetom
Economy
financetom
/
Economy
/
Thailand says wants fair trading relationship with U.S
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Thailand says wants fair trading relationship with U.S
May 26, 2025 10:41 AM

BANGKOK (Reuters) -Thailand is committed to creating a fair relationship in trade and investment with the United States, the finance minister said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs.

Thailand faces a 36% U.S. tariff if a reduction can't be negotiated before a moratorium expires in July. The U.S. has set a 10% tariff for most nations while the moratorium is in place.

More collaboration was expected in the energy sector, Pichai Chunhavajira told a Thai-U.S. investment forum, with Thailand keen for partners in green energy and interested in working with U.S. biotech, food processing, and wellness companies.

Thailand has submitted a proposal to Washington that aims to address the trade imbalance, including by enhancing market access for U.S. exports, tackling transshipment violations, and Thai investment that would create U.S. jobs, he said.

"On enforcing anti-circumvention, these policies are being translated to action now," Pichai said, referring to goods from other countries being shipped as if they originated from Thailand.

He estimated the measures could cut the U.S. deficit by up to $15 billion, but he did not say by when this would happen.

"I am positive that we have a strong set of practical and viable proposals that can effectively lead to win-win results," he said.

The United States was Thailand's largest export market last year, accounting for 18.3% of total shipments worth $55 billion. Washington has put its trade deficit with Thailand at $45.6 billion.    

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says
Mar 22, 2024
(Reuters) - U.S. companies' purchases of domestic equities through more stock buybacks and corporate acquisitions will hit a six-year high of $625 billion this year, about as much as mutual funds and pension houses will offload, Goldman Sachs said. A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate...
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
US Congress scrambles to pass $1.2 trillion spending bill, midnight deadline looms
Mar 22, 2024
WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives and Democratic-majority Senate on Friday will scramble to beat a midnight government shutdown deadline by passing a $1.2 trillion bill keeping the government funded through September. If they succeed, it will end a more-than-six-month battle over the scope of Washington's spending for the fiscal year that began Oct. 1. If they...
Fed Chair Powell says pandemic has had lasting effects on economy
Fed Chair Powell says pandemic has had lasting effects on economy
Mar 22, 2024
(Reuters) - Federal Reserve Chair Jerome Powell on Friday opened a Fed Listens event on how Americans are experiencing the economy, saying the pandemic has had lasting effects and that to make good policy the U.S. central bank cannot rely only on macroeconomic data but needs to hear directly from people and businesses. He did not make any remarks about the...
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
US Dollar Improves Early Friday Ahead of Fed Appearances, State Unemployment
Mar 22, 2024
07:38 AM EDT, 03/22/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of a series of appearances by Federal Reserve officials that compensate for a lack of major US data. Fed Chairman Jerome Powell is scheduled to make opening remarks at a Fed Listens conference at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved