Thailand offers more trade concessions to avert 36% U.S. tariff - report

[Thailand trade cargo container hanging against clouds background]
Iskandar Zulkarnaen/iStock via Getty Images

Thailand aims to reduce its $46 billion trade surplus with the U.S. by 70% within five years, reaching balance in seven to eight years, in its latest attempts to avert Trump's steep 36% levies, _Bloomberg_ reported, citing Thailand's Finance Minister Pichai Chunhavajira.

The South Asian nation also aims at offering greater market access for U.S. farm and industrial goods, along with increased purchases of energy and Boeing (BA [https://seekingalpha.com/symbol/BA]) jets, the report said [https://www.bloomberg.com/news/articles/2025-07-06/thailand-to-offer-us-more-trade-concessions-to-avert-36-tariff].

If the offer is accepted, Thailand would be able to remove import taxes and non-tariff barriers for the majority of commodities right away, while progressively lifting limitations on a select few.

Pichai said Thailand is looking for a 10% best-case rate, but that even a range of 10% to 20% would be acceptable. He expects to submit the revised offer before July 9, the report added.

This follows Pichai's meeting with U.S. Assistant Secretary of the Treasury Michael Faulkender and U.S. Trade Representative Jamieson Greer last Thursday for the ministerial-level discussions on tariff issues.

Washington has threatened to impose a 36% levy on Thailand if a deal cannot be reached by the July 9 deadline. The 90-day pause capped tariffs at 10% for most nations.

ETFs to track Thailand and other Asian peers: (NYSEARCA:THD [https://seekingalpha.com/symbol/THD]), (NYSEARCA:ASEA [https://seekingalpha.com/symbol/ASEA]), (NASDAQ:EMIF [https://seekingalpha.com/symbol/EMIF]), (NASDAQ:PIE [https://seekingalpha.com/symbol/PIE]).

DEAR READERS: We recognize that politics often intersects with the financial news of the day, so we invite you to click here [https://seekingalpha.com/article/4796483-politics-and-the-markets-070725]to join the separate political discussion.

MORE ON THAILAND

* THD: Thai Stocks Have Been A Poor Choice For International Investors [https://seekingalpha.com/article/4788127-thd-thai-stocks-have-been-a-poor-choice-for-international-investors]
* Thailand to submit trade proposal to U.S. by Friday [https://seekingalpha.com/news/4459218-thailand-to-submit-trade-proposal-to-us-by-friday]
* Thailand mulls increasing LNG imports from US over next 5 years [https://seekingalpha.com/news/4431509-thailand-mulls-increasing-lng-imports-from-us-over-next-5-years]
* Seeking Alpha’s Quant Rating on iShares MSCI Thailand ETF [https://seekingalpha.com/symbol/THD/ratings/quant-ratings]
* Dividend scorecard for iShares MSCI Thailand ETF [https://seekingalpha.com/symbol/THD/dividends/scorecard]