Thailand Postpones Trade Talks with the U.S.

BANGKOK (Reuters) – Thailand’s negotiations with Washington on steep trade tariffs were postponed, as the United States requested Bangkok to review important issues, Prime Minister Paetongtarn Shinawatra announced on Tuesday.

A new meeting date is being scheduled, following the previous date set for April 23.

Thailand is among the Southeast Asian nations most affected by U.S. President Donald Trump’s policies, facing a potential 36% tariff if a reduction isn’t negotiated before a global moratorium expires in July.

“We’re not too slow, and we are reviewing issues, including our tariffs that may be adjusted appropriately,” said Paetongtarn, noting that Thai agriculture exports and additional imports are under examination.

The United States was Thailand’s largest export market last year, accounting for 18.3% of total shipments, or $54.96 billion. Washington has identified a deficit with Thailand at $45.6 billion.

“We are consulting academics and all parties and doing our best in this situation,” she added. “We are protecting the agricultural interests as much as possible,” emphasizing that negotiations should be mutually beneficial.

Thai rice exports plummeted by 30% in the first quarter and could fall below the full-year forecast of 7.5 million metric tons due to tariffs, according to the rice export association.

Last year, Thailand shipped 9.94 million tons of rice worth 225.65 billion baht, with the U.S. ranking as the third-largest market by volume.

Finance Minister Pichai Chunhavajira, who was set to participate in the Washington talks, stated that despite the postponement, discussions at a working level are ongoing, and he has no immediate plans to visit the United States.