US tariffs: Thailand concerned over localisation requirements
The US is pushing for a minimum of 60% of a product’s value to originate from within Thailand to qualify for the standard 19% tariff.
Thai rice available on shelves across Bangkok supermarkets. (Photo: VNA)
The US is pushing for a minimum of 60% of a product’s value to originate from within Thailand to qualify for the standard 19% tariff.
Kriengkrai Thiennukul, Chairman of the Federation of Thai Industries (FTI), noted that while Thai exports have grown by 15% in the first half of the year, with a significant 27% increase to the US, this does not tell the full story. He pointed out that Thailand’s Industrial Production Index has grown by less than 1%, suggesting that a large volume of exports are simply goods being transshipped.
The US is holding firm on 50-60%. A source from the Thai government revealed that Team Thailand will argue for a 40% local content threshold. The Ministry of Commerce expects clarity on the final figure by the end of August 2025./.
VNA
Source: https://en.vietnamplus.vn/us-tariffs-thailand-concerned-over-localisation-requirements-post325020.vnp
-
Cambodia launches national campaigns to prevent school dropouts
- ASEAN strengthens regional cooperation on energy transition
- Indonesia to stop diesel imports by 2026
- Singapore’s economy grows faster than expected
- Bangkok named Asia’s best holiday destination for 2025
- Indonesia to start taxing e-commerce transactions from February 2026
- Philippines to extend rice import ban to support local farmers
- Thailand pushes to stimulate international tourism demand
- Singapore’s pharmaceutical exports face difficulties due to US tariffs
- Thailand welcomes over 23 million foreign tourists
