Arms deals with US ‘could cut Thai trade surplus’

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Bangkok Post 17h ago

Arms deals with US ‘could cut Thai trade surplus’ - Bangkok Post

Quick Summary:

Thailand should consider buying more military technology and weapons from the United States to narrow the trade imbalance that led President Donald Trump to slap a 36% tariff on Thai exports, says the Federation of Thai Industries (FTI).

The FTI has asked representatives of 47 industries to submit additional details about the impact of the new tariffs within one week in order to find appropriate solutions.

Trump also announced a 25% tariff on foreign car and auto parts imports.