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Thai business group urges PM to negotiate with U.S. amid tariff fears

A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on U.S. goods, as the government met with the private sector to discuss U.
The Thai Chamber of Commerce has urged Prime Minister Srettha Thavisin to negotiate with the United States to prevent potential trade retaliation due to the ongoing trade dispute between the U.S. and China. This call for action comes in light of the U.S. considering increasing tariffs on Chinese goods, which could impact Thai exports, particularly in sectors like electric vehicles, solar panels, and batteries. The concern is that if the U.S. imposes higher tariffs, China might retaliate, affecting Thai businesses that rely on trade with both nations. The Chamber emphasized the need for proactive diplomacy to safeguard Thailand's economic interests amidst these international trade tensions.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/news/thai-business-group-urges-pm-to-negotiate-with-u-s-amid-tariff-fears/ar-AA1APGiC ]