Shippers seek public-private tie-up

The Thai National Shippers’ Council (TNSC) has reiterated its call for the prime minister to form a collaborative public-private working group to navigate the evolving trade landscape.

- PHUSADEE ARUNMAS

This initiative is crucial amid recent US tariff hikes, which signal a shift in its economic strategy that could trigger substantial global repercussions, said the council.

Dhanakorn Kasetrsuwan, chairman of the TNSC, said the council assessed the potential impacts from US tariff policies across four main areas.

The US is expected to engage in talks with trading partners to reach mutual agreements, possibly imposing a 10% reciprocal tariff.

The council said negotiations should separate the value of exports manufactured under US investments and simultaneously promote the import of capital goods that Thailand needs from the US.

Both the public and private sectors urgently need to develop strategies for the changing trade and investment landscape, he said.