Stable with a slight increase of 2% compared to 2021
Special Rates
Preferential Rate under US-Thailand Trade Agreement
0%
Applicable to goods meeting rules of origin under the US-Thailand bilateral agreement or ASEAN Free Trade Area (AFTA) if routed through ASEAN.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Thailand Trade Agreement on Steel Products
A new bilateral agreement has been signed between the United States and Thailand to facilitate the trade of steel products, including those with a thickness between 1.5 cm and 7.5 cm under HS Code classifications. The agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: This agreement is expected to increase the export volume of steel products from Thailand to the US, benefiting Thai manufacturers and potentially lowering costs for US consumers in industries like construction and manufacturing.
US Imposes Temporary Quota on Thai Steel Imports
The US Department of Commerce has introduced a temporary quota on steel imports from Thailand, including items with thicknesses between 1.5 cm and 7.5 cm, citing concerns over market saturation and domestic industry protection.
2023-09-01
Impact: The quota may restrict the volume of Thai steel entering the US market, potentially causing a revenue drop for Thai exporters and increasing prices for US buyers in the short term.
Thailand Boosts Steel Production for US Market
Thai steel producers have ramped up production of specific steel products, including those with thicknesses between 1.5 cm and 7.5 cm, to meet growing demand from US construction sectors under existing trade frameworks.
2023-08-20
Impact: This increase in production could strengthen Thailand's position as a key steel supplier to the US, fostering deeper trade ties, though it may face challenges if US import policies tighten.
Policy Updates
US Tariff Adjustment on Steel Imports from Thailand
The US has adjusted tariffs on specific steel products from Thailand, including those under HS Codes covering thicknesses between 1.5 cm and 7.5 cm, reducing the rate by 2% to encourage bilateral trade while maintaining safeguards for domestic producers.
Date: 2023-10-10
Thailand Updates Export Certification for Steel Products
Thailand's Ministry of Commerce has introduced stricter export certification requirements for steel products, including those with thicknesses between 1.5 cm and 7.5 cm, to ensure compliance with US import standards and improve traceability.
