Al Jazeera
Thailand’s finance minister, Pichai Chunhavajira, says the country will cut tariffs on imports of corn from the United States.
“The cost of American corn is cheap, making the cost of our animal feed lower,” he said.
Thailand is among the countries in Southeast Asian hardest hit by Trump’s measures, with a much larger than expected 36 percent tariff.
A 90-day pause on the US tariffs will give officials more time to prepare a response.
The US was Thailand’s largest export market last year, accounting for 18.3 percent of total shipments, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
“The cost of American corn is cheap, making the cost of our animal feed lower,” he said.
Thailand is among the countries in Southeast Asian hardest hit by Trump’s measures, with a much larger than expected 36 percent tariff.
A 90-day pause on the US tariffs will give officials more time to prepare a response.
The US was Thailand’s largest export market last year, accounting for 18.3 percent of total shipments, or $54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
