BANGKOK — Deputy Prime Minister and Finance Minister Pichai Chunhavajira dismissed rumors that the United States would impose tariffs of 36% on Thailand, stating the claims are false as negotiations continue ahead of a crucial July 9 deadline.
Speaking through the Ministry of Finance’s official page on July 6, Pichai revealed he had discussions with the US trade policy working group to refine proposals following meetings with US trade representatives. He firmly denied circulating reports that Thailand would face tariff rates of 18-36%.
“The Thai team has not yet received confirmation of what tariff rate the US will impose on Thailand,” Pichai stated. “The decision on all tariff rates will be officially announced by the US side simultaneously. We ask everyone to wait for the official results only.”
Negotiations Remain Confidential
Addressing calls for transparency regarding the negotiation details, the finance minister explained that all current discussions with relevant teams from both the US and Thailand remain confidential under negotiation agreements and protocols, as there are still issues requiring consideration.
However, he assured that the working group is committed to negotiating with Thailand’s best interests as the top priority, seeking a win-win and sustainable agreement for both countries. The expected outcome is to ensure Thailand’s economy and people remain competitive on the global stage.
“I believe that the US coming to talk with the Thai team is a positive signal. The US is still open to working with us to find a middle ground for both countries,” Pichai said.
New Proposal Due Before July 9
Following discussions with all relevant ministries including Commerce, Finance, Industry, Foreign Affairs, Agriculture, Public Health, and the Board of Investment (BOI), “Team Thailand” will prepare a revised proposal to submit to the US before July 9.
“We hope the US will consider this in determining tariff rates that benefit Thailand,” the minister stated.
Regarding expectations after the July 9 US deadline, Pichai believes negotiations will continue toward a final agreement, noting that many countries have ongoing internal approval processes. He expressed hope that during this period, Thailand will receive favorable tariff rates until detailed negotiations are completed.
“Certainly, the tariff rate we expect must be the lowest possible to ensure Thailand remains competitive,” he concluded.
The statement comes amid growing concerns about potential US trade actions that could impact Thailand’s export-dependent economy, with the government working to secure the most favorable terms possible for Thai businesses and exporters.
The 36% figure stems from President Donald Trump’s announcement of new tariffs at the White House on April 2, 2025, with Thailand being set at this high level due to its trade surplus with the United States.
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