Thailand has put forward a proposal to the US to avoid a 36% tariff on its exports, aiming to increase bilateral trade.
Ana-Maria Tapescu
International
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Thailand's Finance Minister Pichai Chunhavajira said his country proposes to increase trade volumes with the US and reduce its trade surplus by 70% over the next five years. Washington is threatening a 36% tariff if an agreement is not reached by July 9. Thailand hopes for a final rate of 10%, but would also accept a margin between 10% and 20% as a compromise.
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