Thailand to Discuss Solutions in Response to the Concern that USA May Increase Tariffs on Imported Cars
US Department of Commerce has submitted its “influence” report on cars and auto components imported to USA to President Trump on Feb. 17, based on Article 232 of Trade Expansion Act of 1962. However, US DoC has not yet provided detailed info or any suggestions. If President Trump will determine to take a certain reaction 90 days after the publication of the report is still unknown.
Facing such a threat, a Thai newspapers reported that on Mar/25 the Chief of International Trade Negotiation Bureau of Thai Department of Commerce announced that the Bureau would invite related Thai cars and components manufacturers to hold a session to discuss how they could respond. Some people forecast that President Trump may increase tariffs to 25%. On the other hand, the Thai International Trade Negotiation Bureau noted that Thailand will provide its info to prove the exclusiveness of Thai-made cars and related components in USA and the fact that they do not cause any injury to US domestic industries.
Thai International Trade Negotiation Bureau also noted that it will continue the smooth and unrestricted communication with cars and auto components manufacturers in Thailand and will continue to keep contact with US relevant authorities to seek for exemption from tariffs.