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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Adam Judd
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine 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 Editor@ThePattayanews.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/