US announces cutting duty free access across a range of Thai products

A decision by US president Trump has been announced to cut duty free access to the United States across a range of Thai products valued at ฿25.3 billion commencing on December 30th.

The withdrawal of duty-free access to the US for a range of Thai products should be seen by Thailand as another shot across its bows as the US toughens its stance on trade. The decision, which came out of the blue this week after 12 years of talks, will impact Thai exports such as mango and pineapple making them less competitive; it comes as Thailand’s exports to the United States boomed in September with a massive 19.7% expansion. The trade affected includes the export of pineapples and mangos.

The decision was announced this week by Robert Lighthizer of the US Office of Trade Representative in Washington DC. It comes at a time when Thailand is already projected to see an 8% fall for this year in exports due to the disruption to world trade caused by the Covid-19 crisis.

Click here to read the full article.

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber