Thailand Says US Tariff Talks to Factor in High Chinese Levy
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Thailand’s tariff talks with the Trump administration will factor in the impact of the high taxes slapped on China as local producers fret over the risk of an increase in the influx of cheap imports from the Asian neighbor, according to officials.
Thailand has sought to placate the US by offering to buy more natural gas, farm goods and planes besides lowering import duties to cut its nearly $46 billion trade surplus with Washington. But President Donald Trump’s move to further raise tariff on China to 125% while ordering a 90-day freeze on other nations poses a fresh threat to Thailand’s local manufacturing industry.