PATTAYA, Thailand – Dr. Kobsak Pootrakool, Executive Vice President of Bangkok Bank and Chairman of the Federation of Thai Capital Market Organizations (FETCO), said the recent trade negotiations between the United States and China showed unexpected progress, with both sides agreeing to de-escalate and reduce tariffs. He emphasized that this 90-day truce offers a rare breathing space for global businesses to prepare for potential outcomes.
In a Facebook post on his official account, Kobsak described the weekend talks in Geneva as an “Almost Total Reset,” reverting to the situation of April 2, with both nations stepping back by agreeing to impose only 10% reciprocal tariffs. The U.S. added another 20% on drug-related products, totaling 30%, but the tone of the discussion was constructive and respectful, restoring hope in the market.
“This 90-day window is a critical opportunity,” Kobsak noted. “It allows Chinese exporters to find new markets and U.S. businesses to secure alternative suppliers and boost imports in case talks eventually collapse.”
He added that Thailand stands to benefit during this temporary de-escalation, as the flood of low-cost Chinese products may ease, giving local manufacturers breathing room. Moreover, it’s a good moment for Thai businesses to strengthen ties with U.S. partners and explore new market opportunities.
Kobsak urged Thai businesses to use this time wisely. “Last time, the tariff hikes hit without warning. Now, we have time to think, prepare, and turn pressure into opportunity,” he concluded.
