Thai commerce minister: We believe Thailand will have low US tariffs, possibly 10%

Thai commerce minister: We believe Thailand will have low US tariffs, possibly 10%

Thailand's commerce minister has expressed confidence that the country will maintain low US tariffs, possibly at a rate of 10%. This optimism is rooted in Thailand's strategic positioning in global trade and its longstanding relationship with the United States.

According to the latest updates from the Trump administration's tariff tracker, Thailand's current tariff status is marked as delayed until July 9, 2025, with a proposed rate of 25% [1]. However, the commerce minister's statement suggests a potential reduction, which would align with the current 10% baseline reciprocal tariff rate for many trading partners.

Thailand's trade policy has been proactive in addressing US tariffs, with a focus on maintaining trade flows and minimizing disruptions. The country's strategic location in Southeast Asia, coupled with its robust manufacturing sector, has positioned it as a key player in global supply chains. This strategic positioning may contribute to the commerce minister's optimism about securing lower tariffs.

The commerce minister's statement comes at a time when the US is reviewing various tariff- and tariff-adjacent levers to further its trade policy. The Trump administration's America First Trade Policy memorandum emphasizes the use of tariffs as a central part of its foreign policy strategy [1]. As such, Thailand's efforts to maintain low tariffs are part of a broader geopolitical and economic strategy.

While the commerce minister's statement is encouraging, it is important to note that the actual tariff rates will be determined by ongoing negotiations and legal proceedings. The Court of International Trade (CIT) has temporarily enjoined certain tariffs, including those on Canadian-, Chinese-, and Mexican-origin goods, pending the outcome of the appeal [1]. This legal uncertainty underscores the need for continued vigilance and adaptability in trade policy.

In conclusion, Thailand's potential for low US tariffs is a positive development that could benefit the country's trade and economic growth. The commerce minister's statement reflects a proactive approach to trade policy, which aligns with Thailand's strategic positioning in global markets. However, the final tariff rates will depend on the outcome of ongoing negotiations and legal proceedings.

References:
[1] https://www.tradecomplianceresourcehub.com/2025/06/13/trump-2-0-tariff-tracker/