Trump slapped a 36% tariff on Thai exports to the US starting on April 9, then decided to postpone enforcement for 90 days to allow Thailand to negotiate to address the trade imbalance between the two countries. Local manufacturers should take advantage of the three-month pause to seek new business opportunities in alternative markets, as well as improve or develop products to better serve the needs of prospective customers, said Mr Vikrom. The company said earlier it was preparing to build a new industrial estate in Oudomxay in northwestern Laos to serve foreign investors likely to expand or relocate from China to avoid the impact of the US-China trade war.
Author: Lamonphet Apisitniran
Published at: 2025-05-13 22:15:00
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