Trade agreement could dramatically change truck market

Pop quiz: What country is the 2nd-largest producer of pickup trucks, behind the US? Is it Canada, or maybe Mexico, both of which are home to Big 3 truck plants? Japan, perhaps? Nope. It's Thailand, which came as quite a surprise. The US is negotiating a trade agreement with that country that both parties hope to wrap up in September, and if the 25% duty on imported trucks is lifted, expect something between a trickle and a flood of Thai-built trucks to enter the US market. Most of the companies building trucks in Thailand are Japanese, but both GM and Ford also build vehicles there for export to other areas of Asia. Expect this to add another facet to the debate surrounding the importation of vehicles from "low labor cost" markets.