The Prime Minister revealed he had received a letter from the US President, who expects Thailand to expedite the signing of the tariff agreement as negotiations enter their final stages. He hopes to be ready to sign the agreement during Trump's visit to Asia.

Supajee revealed that Thailand has reached a conclusion in principle on tariff negotiations with the United States, and is rushing to finalize details before Section 301 is reached. She also pointed out opportunities to promote local content, increasing the use of Thai raw materials and components, which will benefit domestic businesses.

SCB CIO monitors US tariffs, AI sovereignty, and the Middle East for potential pressures on global markets. They recommend holding UST (Securities Trust) in the short to medium term, and supplementing this with high-quality stocks such as gold and alternative assets.

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 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 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 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, 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 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 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.