U.S. move to suspend preferential trade benefits won't affect much on Thai export: commerce ministry

BANGKOK, Nov. 2 (Xinhua) -- The announcement made by U.S. President Donald Trump to revoke its tariff privileges for Thai exports under its Generalized System of Preferences (GSP) last week won't have much effect on Thailand's export to the United States, said Thailand's Ministry of Commerce on Monday.

"The announcement made by U.S. President Donald Trump to suspend preferential trade benefits for 231 Thai products under the GSP won't affect too much the exports from Thailand to the United States," said Keerati Rushchano, the ministry's director-general of the Department of Foreign Trade.