Newstik logo
NEWSTIK
Explore the world of short videos
Newstik logo
NEWSTIK
Explore the world of short videos
Newstik logo
NEWSTIK
Explore the world of short videos
Newstik logo
NEWSTIK
Explore the world of short videos
    Login
    Create account
    tnnonline
    tnnonline
    76
    4k
    175
    67k
    54

    USTR Agrees to Trade Talks with Thailand, Offering Hope for Tariff Relief

    Thailand and the U.S. to Negotiate Import Tariffs Bangkok, Thailand – In a significant development for Thai-US trade relations, the United States Trade Representative (USTR) has officially agreed to enter into negotiations with Thailand regarding import tariffs. The announcement came on June 9, 2025, from Thailand's Deputy Prime Minister and Finance Minister, who highlighted the positive response from the USTR. This follows Thailand's proactive proposal of a five-point plan to address the trade imbalance with the United States. The five points include: strengthening economic partnerships, particularly in processed foods and digital technologies; increasing US imports of Thai goods, including energy, agricultural products, and aircraft parts; tackling non-tariff trade barriers; enforcing rules of origin to prevent trade diversion; and promoting Thai investments in the US. The Thai government is aiming to reduce the trade deficit by half within five years. "This is excellent news for the Thai economy," stated a senior Thai trade official, speaking on condition of anonymity. "The USTR's willingness to negotiate shows a recognition of the importance of a balanced trade relationship with Thailand." The successful negotiation marks a significant step towards improving bilateral trade relations and reducing the economic impact of previous US tariffs on Thailand. The upcoming negotiations are expected to shape the future of trade between the two nations.

    2 months ago
    TH
    Thailand
    news summary
    trade
    US and China to Hold Crucial Trade Talks in London Next Week
    US and China to Hold Crucial Trade Talks in London Next Week
    cnbc
    2mo ago
    US
    566
    US-China Trade Talks: Optimism in London as Rare Earths Take Center Stage
    US-China Trade Talks: Optimism in London as Rare Earths Take Cente…
    cbsnews
    2mo ago
    US
    46k
    US and China Reach Breakthrough Trade Deal
    US and China Reach Breakthrough Trade Deal
    501awani
    2mo ago
    MY
    7k
    US and China Seek Trade Truce in London Summit
    US and China Seek Trade Truce in London Summit
    g1
    2mo ago
    BR
    23k
    newstik.info@gmail.com