Thaksin Unveils Policy Overhaul Plans to Address US Tariff Threats

Former Thai Prime Minister Thaksin Shinawatra has called for a comprehensive overhaul of Thailand’s import regulations and investment promotion policies in response to looming U.S. tariffs as high as 36% on Thai exports. Speaking at an American Chamber of Commerce event, Thaksin highlighted concerns over Chinese manufacturers exploiting local incentives and bypassing content rules, particularly in the electric vehicle sector, and emphasized the need to rebalance trade ties given Thailand’s large deficit with China and surplus with the U.S. Thaksin's remarks indicate a policy pivot favoring the U.S., assuring American businesses that Thailand remains a key ally and is prepared for tariff negotiations. Thai officials, including the finance minister, have signaled openness to reviewing trade practices and currency issues while maintaining good relations with both the U.S. and China. The government aims to negotiate a mutually beneficial agreement with the U.S., hoping to quickly reach a deal that could allow Thai exports to replace some Chinese shipments in the American market. These developments reflect increasing internal debate over Thailand’s trade strategy amid intensifying global competition and shifting supply chains.