Popular Post webfact Posted April 28, 2020 Popular Post Share Posted April 28, 2020 US rejects Thai request, GSP suspension takes effect By THE NATION The United States suspended tariff privileges under the Generalised System of Preferences (GSP) on 573 Thai products from April 25 as originally scheduled despite Thailand’s attempt to appeal to the United States Trade Representative (USTR), Foreign Trade Department director-general Keerati Ratchano said on Monday (April 27). “A few weeks ago Deputy PM and Commerce Minister Jurin Laksanawisit wrote to the USTR and President [Donald] Trump asking to postpone the suspension as Thailand, like most countries, has been heavily affected by the Covid-19 outbreak,” he said. “They rejected our appeal and proceeded on April 25 with their original plan, resulting in 573 Thai products now having no GSP privilege and now being subject to an average 4.7 per cent of tariffs instead of 0 per cent.” Keerati said that being suspended from the GSP does not mean Thailand will lose US$40 billion (Bt1.3 trillion) of trade with the US. “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.” Last year Thailand’s total exports to the US amounted to $31.19 billion, comprising products that were under the GSP as well as those that were not. Of the 573 products that will no longer have GSP privilege, Thailand exports only 315 of them to the US, amounting to $1.5 billion. They include instant foods, electrical appliances and ceramicware. Source: https://www.nationthailand.com/news/30386896 -- © Copyright The Nation Thailand 2020-04-28 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 3 1 2 2 Link to comment Share on other sites More sharing options...
Popular Post johng Posted April 28, 2020 Popular Post Share Posted April 28, 2020 6 minutes ago, webfact said: “They rejected our appeal and proceeded on April 25 with their original plan, resulting in 573 Thai products now having no GSP privilege and now being subject to an average 4.7 per cent of tariffs instead of 0 per cent.” Good, free trade is supposed to work in both directions Thailand can scrap its taxes on "luxury" items 30% on shoes ! 200% on vehicles wine, beer ?% etc then maybe other countries will reciprocate. 55 1 11 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Good on the US for holding up its threat, as little impact as it will have, but Thailand won't budge on giving migrants better wages, working conditions or access to unions, more needs to be done to put pressure on Thailand to comply with basic human rights. Perhaps raising the tariffs to 50% would show that the US is seriously serious and not just doing this to appease some. 21 1 1 Link to comment Share on other sites More sharing options...
Popular Post ravip Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Yes, we all know about GSP! That's the way to keep the poor nations on a leash and make them behave like good children. Makes me think of... long, long time ago, I have read stories and seem films, where there were some people called slaves and others called Masters. 6 1 3 8 Link to comment Share on other sites More sharing options...
Popular Post fruitman Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Well done mr Trump! 13 1 3 4 Link to comment Share on other sites More sharing options...
Popular Post mfd101 Posted April 28, 2020 Popular Post Share Posted April 28, 2020 4 minutes ago, ravip said: Makes me think of... long, long time ago, I have read stories and seem films, where there were some people called slaves and others called Masters. The difference is that, in this country, the Masters are all central and Sino- Thais, and the slaves are the rest, including of course from neighbouring countries. 12 6 Link to comment Share on other sites More sharing options...
Popular Post meechai Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Fair is fair.....Want privileges to sell Thai products at X price in USA without import taxes applied? Then do the same for US products sent to Thailand 23 3 Link to comment Share on other sites More sharing options...
Popular Post ravip Posted April 28, 2020 Popular Post Share Posted April 28, 2020 2 minutes ago, mfd101 said: The difference is that, in this country, the Masters are all central and Sino- Thais, and the slaves are the rest, including of course from neighbouring countries. It's another type of global pandemic that has existed for centuries which can morph very cleverly to changing environments - in a few words... 'very diplomatic'. 2 2 1 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted April 28, 2020 Popular Post Share Posted April 28, 2020 20 minutes ago, ravip said: Yes, we all know about GSP! That's the way to keep the poor nations on a leash and make them behave like good children. Makes me think of... long, long time ago, I have read stories and seem films, where there were some people called slaves and others called Masters. So that's A Story about Thai rice growers and the Bangkok elite. I think I know how that turns out! ???? 2 1 Link to comment Share on other sites More sharing options...
Popular Post chrisandsu Posted April 28, 2020 Popular Post Share Posted April 28, 2020 50-100% tariffs on Thai goods would be fairer . 5 2 2 1 Link to comment Share on other sites More sharing options...
Popular Post ravip Posted April 28, 2020 Popular Post Share Posted April 28, 2020 6 minutes ago, chrisandsu said: 50-100% tariffs on Thai goods would be fairer . Better if banned 100% 3 1 Link to comment Share on other sites More sharing options...
Popular Post DLock Posted April 28, 2020 Popular Post Share Posted April 28, 2020 1 hour ago, ravip said: Yes, we all know about GSP! That's the way to keep the poor nations on a leash and make them behave like good children. Makes me think of... long, long time ago, I have read stories and seem films, where there were some people called slaves and others called Masters. Except in this case, the US is reacting to the Masters in Thailand not providing decent conditions, pay and protection for their Slaves... I hope the US raise tariffs for Thai products to "motivate" the Thai Masters and Puppets to do the right thing. 10 Link to comment Share on other sites More sharing options...
Popular Post Kullstar Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Will the Teflon Baht wobble here? 3 Link to comment Share on other sites More sharing options...
Popular Post holy cow cm Posted April 28, 2020 Popular Post Share Posted April 28, 2020 1 hour ago, ravip said: Yes, we all know about GSP! That's the way to keep the poor nations on a leash and make them behave like good children. Makes me think of... long, long time ago, I have read stories and seem films, where there were some people called slaves and others called Masters. GSP is a good thing. Most countries without it could never compete with China's government subsidized products. On a leash? That is exactly what china is doing to every country stupid enough to court them. 8 1 Link to comment Share on other sites More sharing options...
Popular Post monkfish Posted April 28, 2020 Popular Post Share Posted April 28, 2020 (edited) Last time I ordered products from the US i paid something like 18% import duty so 5% ain't so bad. Edited April 28, 2020 by monkfish 3 Link to comment Share on other sites More sharing options...
Popular Post Rookiescot Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Good grief I find myself agreeing with President Trump. Has the world gone mad? Or is it just me. 2 3 Link to comment Share on other sites More sharing options...
Popular Post yellowboat Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Duty bring things into this country is ridiculously costly, hurting the average Thai. Asking any country for a break on duty is shameless, but the rich in Thailand do not know the meaning of the word. 3 Link to comment Share on other sites More sharing options...
Popular Post Misterwhisper Posted April 28, 2020 Popular Post Share Posted April 28, 2020 5 hours ago, webfact said: “It only means we will have to pay tariffs at a normal rate as other countries do." 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! 3 1 2 Link to comment Share on other sites More sharing options...
ravip Posted April 28, 2020 Share Posted April 28, 2020 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? Link to comment Share on other sites More sharing options...
Popular Post Jessi Posted April 28, 2020 Popular Post Share Posted April 28, 2020 Its a two way street.!!!!! Back in 2003 I had to check on import duty on powdered milk from Australia for a Thai client at the time it was 550% when I asked why so high, because they want to protect their dairy industry. What dairy industry? Its all one way with the Thais, except now some country's are fed up with their B/S. 4 2 Link to comment Share on other sites More sharing options...
Popular Post transam Posted April 28, 2020 Popular Post Share Posted April 28, 2020 20 minutes ago, ravip said: Just to help suck the whole thing up, what are the merchandise that qualify for a 600% tariff please? Fink it's HP sauce.............???? 4 Link to comment Share on other sites More sharing options...
Yankeesvsredsox Posted April 28, 2020 Share Posted April 28, 2020 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! 1 Link to comment Share on other sites More sharing options...
tso310 Posted April 28, 2020 Share Posted April 28, 2020 3 hours ago, Rookiescot said: Good grief I find myself agreeing with President Trump. Has the world gone mad? Or is it just me. Lay off the disinfectant is my advice. Link to comment Share on other sites More sharing options...
Popular Post phkauf Posted April 28, 2020 Popular Post Share Posted April 28, 2020 When a box of Cheerios cost the equivalent of $12, I think perhaps Thailand needs some perspective on tariffs. Thailand has been flying below the radar for a long time and now they cry when they finally get noticed. 4 Link to comment Share on other sites More sharing options...
grumpy 4680 Posted April 28, 2020 Share Posted April 28, 2020 Thailands economy is built on import taxes, so i guess this will be another push towards China. Link to comment Share on other sites More sharing options...
Cake Monster Posted April 28, 2020 Share Posted April 28, 2020 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. 1 Link to comment Share on other sites More sharing options...
Popular Post Redline Posted April 28, 2020 Popular Post Share Posted April 28, 2020 The USA should match tariffs equal to Thailand 4 1 Link to comment Share on other sites More sharing options...
GinBoy2 Posted April 28, 2020 Share Posted April 28, 2020 Classic tale of chickens coming home to roost! 2 Link to comment Share on other sites More sharing options...
Srikcir Posted April 28, 2020 Share Posted April 28, 2020 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. Link to comment Share on other sites More sharing options...
ukrules Posted April 28, 2020 Share Posted April 28, 2020 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. Link to comment Share on other sites More sharing options...
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