The suspension of the trade preferences – which Bloomberg said are worth $1.3bn – will go into effect on April 25, 2020 [File:Jiraporn Kuhakan/Reuters]

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 multibillion-dollar sector.

Thailand is the world’s third-largest seafood exporter but its supplier status has been badly tainted in recent years by reports of slave labour and trafficking among the mainly migrant workforce.

All Thai seafood products will lose their eligibility for the trade preferences due to “longstanding worker rights issues in the seafood and shipping industries,” Bloomberg News reported Saturday, quoting the Office of the US Trade Representative.

The suspension of the trade preferences

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