The Trump administration has announced the suspension of Thailand’s reduced tariff privileges under the Generalized System of Preferences. The administration cited a lack of market access to Thailand for U.S. exporters as the main reason, continuing a process that started with the suspension of a subset of privileges in 2019. Product categories eligible for GSP represented 21.6% of Thailand’s shipments to the U.S. in the 12 months to Sept. 30 and increased by 14.6% year over year in Q3. In dollar terms the largest GSP category imports from Thailand are electrical and mechanical machinery...