United States to suspend trade benefits for some Thai products by end of the year


US President Donald Trump said on Friday that the United States of America will be suspending trade benefits for certain Thai products under the Generalized System of Preferences (GSP) program. This will be effective on December 30th, 2020.

The decision was made, according to a letter by Donald Trump, because US officials believe that Thailand will not provide equitable and reasonable access to its markets.

Therefore, the decision will suspend trade benefits making certain Thai products duty-free.

The Thai Government has not yet released an official response to the suspension of trade benefits although that will likely come early next week.

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Mr. Adam Judd is the Co-owner of the Pattaya News English since December 2017. He is originally from Washington D.C., America. His background is in HR and Operations and has written about news and Thailand for a decade now. He has lived in Pattaya for over seven years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail Pattayanewseditor@gmail.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/