Bangkok: Ekniti Nitithanpraphas, Deputy Prime Minister and Finance Minister, has emphasized the importance of advancing trade negotiations with the United States despite the US Supreme Court’s recent inquiry into former President Donald Trump’s tariffs. He has scheduled a crucial meeting with the private sector today, focusing on preparing negotiation data in Appendix 3. Ekniti noted that while the Trump-era tariffs face legal scrutiny, Thai businesses must prepare for potential new trade measures to remain competitive.

According to Thai News Agency, Ekniti addressed concerns regarding the Supreme Court’s investigation into Trump’s tariffs, suggesting that it may represent an overextension of authority. He clarified that the issue is a matter of US domestic law, and Thailand will await the final verdict. Nevertheless, trade and tariff negotiations with the US will continue as planned, irrespective of the court’s decision. Ekniti affirmed his commitment to developing a robust negotiation strategy.

Minister of Commerce Suphajee Suthumpun will lead the detailed negotiations alongside the US tax working group. Thailand has already engaged in an initial round of discussions with the US Trade Representative, which were deemed positive. Emphasizing the longstanding partnership between Thailand and the United States, the Thai government has expressed its willingness to seize opportunities for enhanced competitiveness through reduced tariffs.

Ekniti highlighted the significance of Appendix 3 in the negotiation process, which aims to create more opportunities for Thailand. Discussions with the private sector, including the Federation of Thai Industries and the Thai Chamber of Commerce, are scheduled to explore these opportunities further. The collaboration between the private sector and the government will shape future proposals for cooperation with the United States.

“We won’t wait for the court’s decision because this is a matter of US domestic law. The government believes that Thailand should not remain inactive or await the US court’s decision, but should constantly seek opportunities to further negotiations and enhance the competitiveness of Thai entrepreneurs. International trade today presents more non-tariff barriers than just tariffs, and we must prepare for these,” Ekniti stated.