Thailand Seeks US Trade Deal by June, Targets 10% Tariff

Thailand is working to conclude trade negotiations with US by the end of June after Washington proposed a 12.5% tariff on imports from countries, including Thailand, which it said lack laws against imports made with forced labor.

• The nation is seeking to secure a reciprocal trade agreement with US that could help reduce the proposed tariff rate to 10%, Commerce Minister Suphajee Suthumpun said late Thursday
• Thailand still has about 25 outstanding issues that need to be resolved before a deal can be reached
• The government will send trade representatives to Washington to closely monitor the final stage of negotiations ...