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US rejects Thai request, GSP suspension takes effect


webfact

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9 minutes ago, Misterwhisper said:

Well observed, Mr. Keerati. Thus... welcome to the club of "other countries". You know, those that do not constantly think - nay, demand! - that they are entitled to preferential treatment.

 

And you are actually still rather lucky that the tariffs aren't much higher. I mean like the - depending on the type of merchandise - 60 to 600% tariffs YOUR country routinely slaps on imports from the U.S., the EU and elsewhere.

 

So, just suck it up, Keerati!   

Just to help suck the whole thing up, what are the merchandise that qualify for a 600% tariff please?

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5 hours ago, fruitman said:

Well done mr Trump!

Gazillion billion whatever debt, the USA is clawing back monies squandered by past administrations stupidity, in this particular case ,kindness,finally!  

Globally ,the children countries ,must learn to be fiscally responsible !

It's the Covid Era!

 

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Thailands protectionist policy is starting to turn around and bite them on the A##.

They are unable to hide behind the " we are only a poor developing Nation " rhetoric any longer, and Governments across the Globe are waking up to the fact that Thailand is rated 21st richest Country on the Planet.

 

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7 hours ago, webfact said:

“It only means we will have to pay tariffs at a normal rate as other countries do. By the Commerce Ministry’s estimation, the increased tariffs should amount to Bt1.5 billion to Bt1.8 billion.”

Americans pay the import tariff to the extent that American importers, distributors and retailers choose to pass the tariff through to consumers.

Trump has been asked by US consumers to temporarily lift various import tariffs, ie., on Chinese imports, but Trump responds that the US federal government is benefiting from these import tariffs - they're like an informal tax on Americans not requiring an act of Congress. 

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The next step should be to increase tariffs for everything depending on how fairly each country treats imports from the US.

 

It shouldn't matter if they (the Thai) tax every country 100% on some goods, if they tax the US 100% on something then they should be severely punished. I'd like to see more countries doing this including my own.

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