labels: US Tax
The Thai government is preparing to negotiate tariffs with the United States at the end of August, highlighting nearly $2 billion in Thai private sector investment as reflecting mutual benefits.
The Thai government is preparing information for tariff negotiations with the US at the end of August, hoping to reduce the remaining 28% tariff on goods. They are also highlighting nearly $2 billion in Thai investment in the US and plans for additional investment exceeding $5 billion.The Thai government clarifies the issue of the US imposing a net 2.5% tariff increase on Section 301 of the Thai tax code, confirming that it is on par with competitors and that 2,120 Thai products are exempt.
The Government House clarified that the US tax under Section 301 has increased from the previous base of 10% to 12.5%, or an actual increase of only 2.5 percentage points.Dr. Ekniti points out that the US Section 301 tax will have a limited impact on Thailand and urges negotiations to reduce the tax to 10%.
Dr. Ekniti pointed out that the impact of US tariffs on Thailand is limited because many product groups are exempt. He urged negotiations under the IPEF to reduce tariffs to 10%, matching competing countries, and emphasized the need to address the issue of forced labor as a key priority for national development.Trump threatens to impose 100% tariffs on countries that levy a 'digital tax' on U.S. companies.
Trump has issued a blunt threat to impose 100% tariffs in retaliation for countries that impose a "digital tax" on US big tech companies, amidst questions about whether he will face a repeat of past legal obstacles.France argues that the new US tariffs are unreasonable and hopes to expedite the implementation of the EU-US trade agreement.
France argues that the new US tariffs, citing forced labor issues, are unreasonable and hopes to expedite the implementation of the Turnberry Accord trade agreement to avoid further trade tensions.Dr. Pipat warns Thailand to prepare for Section 301 of the law regarding forced labor, as the US will impose a 12.5% tariff.
Dr. Pipat pointed out that the US is introducing mandatory labor tariffs under Section 301, proposing a 12.5% tax on Thailand. He warned of the need to prepare for a multi-layered new tax system, or the "Cliff Effect," and viewed the challenge not only as tariff negotiations but also as the impact of bilateral agreements on the economic structure.Trump adjusts tariffs on steel and aluminum, reducing them to 15% in an attempt to stimulate investment in the United States.
Trump has adjusted tariffs on steel and aluminum, reducing them to 15% in an attempt to stimulate investment in the United States. He also opened the door for foreign companies to receive a 10% tariff if they primarily use materials produced in the United States.The Prime Minister has ordered accelerated negotiations on US tariffs to resolve the outstanding issue before the July 24 deadline.
The Prime Minister has ordered accelerated negotiations on US tariffs to resolve the outstanding issue before the July 24 deadline, following agreements reached by several trading partners including ASEAN, the European Union, Japan, and South Korea.The EU has reached a preliminary trade agreement with the United States, avoiding the July 4th deadline for "Trump's tariffs."
The EU reached a preliminary trade agreement with the United States after hours of negotiations, hoping to avoid a new round of tariffs imposed by Trump, with a deadline of July 4, 69.China confirms order for 200 Boeing aircraft, proceeding with extension of tariff deferral agreement with the United States.
China has confirmed an order for 200 Boeing aircraft, is moving forward with an extension of its tariff truce with the United States, and is preparing to further reduce retaliatory tariffs following Trump's meeting with Xi Jinping.
