Thailand welcomes 19% US tariff as 'major success'

Computers are a major export from Thailand to the US. Thailand had been negotiating with Washington for weeks, seeking a reduction in the 36 per cent levy on key exports threatened under Trump's "Liberation Day" measures. - The Nation/ANN

BANGKOK: Thailand welcomed on Friday (Aug 1) the 19 per cent trade tariff imposed by US President Donald Trump as a "major success", a government spokesman said, averting a threatened levy of 36 per cent.

Trump ordered stiff tariffs on dozens of trading partners in an effort to reshape global trade in favour of the US economy.