The chamber said its panic over U.S. trade policy was justified and Thailand must urgently review its import taxes on U.S. goods and increase imports to reduce its trade surplus with Washington amid rising global trade disputes.
“Time is very short. If we don’t hurry up and don’t respond officially to what is happening, we will run into problems. We have to be prepared and respond in a way that is fair to all parties.”
The United States was Thailand's largest export market last year, accounting for 18.3% of total shipments, or $54.96 billion.
The chamber said it has asked the government to establish a special working group alongside the war room to address U.S. trade policy issues.
It said Thailand could import more energy and agricultural products as well as aircraft from the United States to narrow the gap.
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