Thai Prime Minister Paetongtarn Shinawatra announced on Thursday that Thailand has developed a comprehensive plan to negotiate with the U.S. regarding newly imposed tariffs by President Donald Trump, aiming to reduce the currently set rates of up to 36%.

Key Points:

• Tariff Impact: The U.S. recently implemented sweeping tariff measures, causing noticeable fluctuations in global markets. Thailand’s exports, particularly in agriculture and manufacturing, are directly affected.

• Negotiation Strategy: The Thai government has prepared a multi-step approach, including sending a senior official to engage in talks with U.S. trade representatives.

• Balanced Proposal: Shinawatra emphasized the need for a trade-friendly compromise that encourages negotiations while minimizing harm to Thai farmers, consumers, and businesses.

Government Response:

Deputy Finance Minister Julapun Amornvivat described the tariffs as "not unexpected," though higher than anticipated. He stressed:

• Rational Negotiations: "We must negotiate reasonably, not aggressively, identifying which products the U.S. deems unfair and finding solutions to adjust tariff rates."

• Immediate Measures: The Finance Ministry will hold urgent meetings to mitigate short-term economic impacts while setting guidelines for future negotiations.

Global Reactions:

President Trump signed an executive order imposing "reciprocal tariffs" on multiple countries but noted that rates would vary by nation. While the U.S. argues these measures will revive domestic jobs and manufacturing, several economies—including the EU, China, Japan, South Korea, Colombia, and Mexico—have expressed dissatisfaction and announced retaliatory measures.