Thaksin Shinawatra, the de facto leader of Thailand’s ruling party, is taking a more proactive role in shaping the country’s response to deal with the fallout of President Donald Trump’s threat to impose a steep 36% tariff on its exports to the US.

The primary objective of the talk was to strategise how to address Washington’s confirmed tariff hike. Read more at straitstimes.com. Read more at straitstimes.com.

Thailand is scrambling to avoid crisis after the US imposed a 36% tariff, racing to secure concessions and emergency relief measures.

Thailand is preparing more than 40 billion baht ($1.22 billion) in measures to mitigate the impact of U.S. tariffs, a deputy finance minister said on Wednesday. The central bank should also ease monetary policy further,

Thailand remains optimistic about securing a lower tariff rate than the 36% levy announced by President Donald Trump based on an offer to bring down import tax on most US goods to zero, according to Finance Minister Pichai Chunhavajira.

Nintendo lists Cambodia as one of its main manufacturing sites while Apple appears to use two contract manufacturers with factories in Thailand.

The US accounts for 18% of Thailand's exports. If the 36% rate is implemented, exports to the US could fall to 10% of the total, weakening bilateral trade relations over the long term.

Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday.

President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.

US President Donald Trump's announcement of a 36% tariff on Thai imports has sent shockwaves through Thailand's export sector, prompting urgent calls for government intervention to protect the country