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Thailand will make concessions to avoid a 36% U.S. tariff and plans to reduce its trade surplus by 70% within five years.
[Coin World][Market News: Thailand Reportedly to Offer More Concessions to the U.S. to Avoid 36% Tariff] Thailand is reportedly set to offer more trade concessions to the U.S. to avoid a 36% tariff. The proposal aims to boost the total bilateral trade volume and reduce Thailand's $46 billion trade surplus with the U.S. by 70% within five years. Thailand's finance minister is expected to submit a revised plan before July 9.