Persist in trade negotiations with the US despite the imposition of tariffs, recommends Thaksin
Headline: Thailand Presses Forward with US Trade Talks Amidst Tariff Uncertainties
/Thailand must press ahead with trade negotiations with the United States/ Former Prime Minister Thaksin Shinawatra isn't backing down, urging Thailand to push through despite a US trade court's decision to halt certain tariff policies. Even as a federal appeals court temporarily reinstated the most sweeping of US President Donald Trump's tariffs, Thaksin remains adamant. In an exclusive interview with Nation Group, he stresses that Thailand should continue with its tariff negotiations.
"The negotiations at various levels have seen some relaxation of conditions, allowing us to negotiate more effectively," Thaksin notes.
/Personal Intervention/ When quizzed about his potential involvement in the negotiations, Thaksin shares that his request for permission to travel abroad and meet Trump face-to-face has been denied, meaning he'll likely contribute on the home front instead.
/Addressing Economic Slowdown/ Asked about the slowdown in public investment and the government's strategy to address it, Thaksin shares that discussions have already taken place with the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC). He points out that Thailand's economic outlook is intricately connected to the performance of the capital market.
Thaksin underscores the need to address issues like high-frequency trading and the use of robot trading systems, which frequently leave retail investors at a disadvantage. "Swift action is necessary to restore investor confidence," he says.
Related:1. Thaksin calls for a Pheu Thai cabinet reshuffle, aiming for control of 4 key ministries.2. Thaksin floats the idea of having Thai-Cambodian soldiers play sepak takraw instead of engaging in conflict.3. Motorists are warned to steer clear of three Bangkok roads on Sunday due to the Pride Month Parade.4. Paetongtarn dismisses claims that she bows to Thaksin's influence in government.5. A company pledges compensation following an accident in which a steel sheet fell onto a car in Samut Sakhon.
Insights:
- A US trade court's temporary reinstatement of broad US tariffs, including a 36% tariff on Thai goods, has created uncertainty for Thailand's negotiations with the US.[1][2]
- The Thai government is reviewing the court ruling to assess its impact on ongoing discussions and has proposed purchasing new aircraft from the US as part of its negotiation strategy.[2]
- Thailand aims to reduce its annual trade surplus with the US by $15 billion (one-third of the current surplus) through initiatives to prevent trade circumvention and improve trade relations.[5]
Tagwords:Thaksin Shinawatra, Trade Talks, US, US tariffs, Donald Trump, Thailand, economy
- In light of the US's temporary reinstatement of broad tariffs on Thai goods, Thaksin Shinawatra emphasizes the importance of Thailand continuing its tariff negotiations with the US.
- Given the slowdown in public investment, Thaksin Shinawatra suggests that discussions have already taken place with the Stock Exchange of Thailand and the Securities and Exchange Commission, proposing the need to address issues like high-frequency trading to restore investor confidence.
- Realizing that Thailand's economic outlook is closely tied to the performance of the capital market, Thaksin Shinawatra advocates for addressing issues that often disadvantage retail investors, particularly high-frequency trading and the use of robot trading systems.
