BANGKOK (Bloomberg): Thailand will step up a crackdown on the practice of foreign companies circumventing high US tariffs by claiming false certificates of origin as it prepares for negotiations with the Trump administration to secure relief from a 36% tariff hit.
The South-East Asian nation, which had an almost US$46 billion trade surplus with the US, plans to add more products to a watchlist of 49 goods as false claims of origin are among the key concerns of US authorities, the Commerce Ministry said in a statement Friday.
