Thailand will cut tariffs on US corn imports, minister says

FILE PHOTO: The sun lights a corn field waiting to be harvested near Akron, Iowa, US, October 28, 2017. Thailand consumes about nine million metric tonnes of corn annually, importing about four to five million tonnes. - Reuters

BANGKOK: Thailand will cut tariffs on imports of corn from the United States, but volumes still need to be finalised, the finance minister said on Friday (April 11).

The country is among those in South-East Asia hardest hit by US President Donald Trump's trade measures, with a much larger than expected 36 per cent tariff. A 90-day pause on the US tariffs will give officials more time to prepare a response.