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Supachai's ART Deal Timeline: Lower Thai Tariffs Expected This Month

Supachai's ART Deal Timeline: Lower Thai Tariffs Expected This Month

Khaosod•Economy•20d ago

Reader Briefing

Thailand aims to finalize the Agreement on Reciprocal Trade (ART) with the US by the end of the month to potentially lower import tariffs from 12.5% to 10%, following US Section 301 investigations.

  • •Thailand is actively negotiating to complete the Agreement on Reciprocal Trade (ART) with the US by the end of June.
  • •The US has imposed provisional tariffs of 12.5% on Thai goods under Section 301, citing lack of forced labor laws, though Thailand denies any such practice.
  • •Thailand seeks to lower its import tariff rate by finalizing the ART agreement before temporary measures expire on July 24, 2026.
  • •The US will consider public comments and written submissions from Thailand until July 6, 2026, regarding tariff reviews.
  • •Thai officials are also awaiting results on the 'Excess Capacity' investigation, expected mid-June, concerning electronics, rubber, and machinery industries.

Overview

  • •Thailand is accelerating negotiations for the Agreement on Reciprocal Trade (ART) to be completed by the end of June.
  • •Deputy Prime Minister and Minister of Commerce Supachai Sumittamont confirmed Thailand does not practice forced labor.
  • •The US has imposed import tariffs of 10-12.5% on goods from 60 countries, with Thailand facing 12.5%.
  • •Thailand will submit written comments to the US by July 6, 2026, to request a review of tariff rates and product exemptions.
  • •The US will open public hearings on July 7, 2026, for comments regarding the Section 301 tariff investigation.
  • •The US will open public hearings on July 7, 2026, for comments regarding the Section 301 tariff investigation.
  • •Thailand is preparing to propose additional tariff exemption requests for agricultural products, processed goods, certain vehicles, and rubber.
  • •Thailand aims to move from the 12.5% tariff group to the 10% group by signing the ART agreement to benefit from lower import duties.

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Key Quotes

Supachai Sumittamont
"Requesting the US to review the imposed tariff rates and the list of goods subject to tariffs and exemptions."
ขอให้สหรัฐฯ ทบทวนอัตราภาษีที่ถูกเรียเก็บ และรายการสินค้าที่ถูกเรียเก็บและได้รับการยกเว้นภาษี
Supachai Sumittamont
"Thailand absolutely does not practice forced labor."
ประเทศไทยไม่มีการใช้แรงงานบังคับอย่างแน่นอน
Supachai Sumittamont
"From now on, Thailand will accelerate negotiations for ART to be completed by the end of this month."
หลังจากนี้ ไทยจะเร่งเดินหน้าเจรจา ART ให้แล้วเสร็จภายในสิ้นเดือนนี้

Key Entities

Person

Supachai Sumittamont(นางศุภจี สุธรรมพันธุ์)
Deputy Prime Minister and Minister of Commerce of Thailand, actively involved in trade negotiations with the US.

Place

United States(สหรัฐ)ℹ️
Country imposing tariffs on Thai goods and involved in trade negotiations.

Law

Section 301(มาตรา 301)ℹ️
US trade law under which tariffs are being investigated and imposed on Thai goods.
Agreement on Reciprocal Trade(ART)
A trade agreement between Thailand and the US that Thailand is accelerating negotiations for to secure lower tariffs.
Annex A
A list of products, referred to in the US Section 301 investigation, which includes items exempted from tariffs.
Temporary tariff measures(มาตรการภาษีชั่วคราว)
Provisional tariffs imposed by the US that are subject to expiration.

Organization

Team Thailand(ไทยแลนด์)
The delegation representing Thailand in trade discussions and submissions to the US.
Office of the United States Trade Representative(สำนักงานผู้แทนการค้าสหรัฐฯ)ℹ️
The US agency responsible for conducting trade investigations and making decisions on tariff measures.
USTRℹ️
Abbreviation for the Office of the United States Trade Representative.