– Donald Trump will suspend trade preferences for Thailand’s seafood industry after it failed to take steps to improve worker rights, dealing a blow to the multi-billion dollar sector.
The suspension of the trade preferences — which Bloomberg said are worth $1.3 billion — will go into effect on April 25, 2020, according to a letter sent Friday to House Speaker Nancy Pelosi. Other items losing duty-free preferences include fruits and vegetables, garment products and electrical appliances.
Thailand had been on the list since 2015 after allegations of rampant labor rights abuses in its fishing fleets.
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