Thailand Begins US Tariff Talks Seeking Reduction From 36%

Thailand is preparing to engage in formal trade negotiations with the United States to address the 36% tariff imposed in April by President Donald Trump, with initial talks set to occur virtually this week. Thai Commerce Minister Pichai Naripthaphan expressed confidence that the two countries could agree on a tariff reduction, potentially lowering it to as low as 10%, although specifics of the negotiations remain undisclosed. The Thai government has submitted proposals to the U.S. that include measures to improve market access for American exports and tackle trade imbalances, which totaled $45.6 billion in 2024. These efforts are part of a broader strategy led by Prime Minister Paetongtarn Shinawatra and her appointed trade policy team, with ongoing high-level discussions between Thai officials and U.S. representatives such as Trade Representative Jamieson Greer. While in-person ministerial talks have not yet been scheduled, both sides show a willingness to extend the current tariff moratorium past its July expiration if progress continues. Additionally, Thailand is advocating for a weaker baht to bolster exports and tourism amid these trade discussions.