Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports

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Thailand proposes boosting trade with the U.S. Pichai Chunhavajira aims to cut Thailand's trade surplus by 70% in five years. The goal is to balance trade in seven to eight years. This is to avoid potential U.S. tariffs. Washington may impose a 36% levy. Thailand seeks a 10% rate. A 10% to 20% range is acceptable.