Credit rating agency Fitch Ratings has revised Thailand's economic outlook from negative to stable and affirmed its credit rating at BBB+, in line with the other two agencies, S&P and Moody's. Anutin Charnvirakul declared on the stage of the Thailand Team policy briefing in Japan that this government is stable and has done very well in restoring foreign confidence. Meanwhile, emerging from the Senate election collusion case should spur the Bhumjaithai Party to accelerate its delivery, especially the reciprocal tariff negotiations between Thailand and the United States, where the question is what number it will end at. In the era of the Paetongtarn Shinawatra government, Donald Trump's first round of tariffs collected 36% from Thailand before negotiations reduced it to 19%, and last February the US Supreme Court ruled that Trump's tariff imposition was improper, prompting the US to issue a temporary measure known as the Section 122 measure, collecting a flat 10% tariff on all countries for a period of 150 days, ending on July 24. But the Trump administration issued a Section 301 measure to push tariffs back up, investigating Thailand on two issues: the use of forced labor and excess production capacity, or the accusation that Thailand is a transshipment route for goods from other countries, mainly meaning China. In particular, Thapana? No — Supajee Suthumpun stated that efforts must be made to negotiate a conclusion to return to the same level as neighboring countries, that Thailand's tariff rate will not be made higher than neighboring countries and will not exceed the previous framework of 19%. Compared with ASEAN competitors that the US collects from, Indonesia and Malaysia are at 10%, while Vietnam, Singapore and the Philippines are at 12.5%. Therefore, if Thailand's working team negotiates a figure higher than this, it must be considered a failure. On the other hand, Anutin said earlier that he would press Trump for his promise at the 81st regular session of the United Nations General Assembly, or UNGA81, in New York, regarding special consideration of the tariff rate, after Thailand fully complied with the Thailand-Cambodia joint statement on mine clearance and cracking down on scammers. Meanwhile, Pisan Manawapat of the foreign policy administration team of the People's Party stated that if the government proceeds poorly and fails on the tariff negotiations with the US, causing Thai goods to be disadvantaged against competitors in Thailand's largest and most important market, it amounts to Thai diplomacy continuing to lack power.
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