With the US tariff suspension set to expire on July 9, Thailand's Finance Minister Pichai meets US Trade Representative to negotiate an extension and lower tariffs.
The 90-day US tariff suspension on Thailand is set to expire on July 9, 2025, and while China has already reached an agreement with the US, several countries, including Thailand, are still in talks. Within ASEAN, no nation has concluded negotiations yet.
On July 3, Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira is scheduled to meet with US Trade Representative (USTR) Jamieson Greer to discuss reducing the countervailing tariffs imposed on Thailand from 36% to the lowest possible rate. Thailand has made several proposals, receiving positive signals from the US side.
Vuttikrai Leewiraphan, Permanent Secretary of the Commerce Ministry, expressed confidence that Thailand’s proposals would send a positive signal for the negotiations, adding that not only previous offers would be discussed but also new ones that Pichai will present.
“The US will decide the final tax reduction based on its own considerations, but we expect to see clearer results after the discussion with the USTR on July 3,” he said.
Nalinee Taveesin, Thailand’s Trade Representative, commented that negotiations with the US are progressing well as Thailand had formally engaged before the 90-day deadline.
“While it’s unclear whether the tax suspension will be extended, we do have a chance due to the official proposals Thailand submitted. These have been received positively, with the US considering them a promising proposal, focusing on mutual benefits for both countries,” Nalinee stated.
Regarding concerns from the private sector and foreign investors about the impact of the tariffs, Nalinee added that there is currently no significant worry from businesses or investors in Thailand.
Source: Nation Thailand
Share:
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
