The thickness of a graph
$G$ is the minimum number of planar subgraphs whose union is
$G$. A
$t$-minimal graph is a graph of thickness
$t$ that contains no proper subgraph of thickness
$t$. In this paper, upper and lower bounds are obtained for the thickness,
$t\left( G\,\square \,H \right)$, of the Cartesian product of two graphs
$G$ and
$H$, in terms of the thickness
$t\left( G \right)$ and
$t\left( H \right)$. Furthermore, the thickness of the Cartesian product of two planar graphs and of a
$t$-minimal graph and a planar graph are determined. By using a new planar decomposition of the complete bipartite graph
${{K}_{4k,\,4k}}$, the thickness of the Cartesian product of two complete bipartite graphs
${{K}_{n,n}}$ and
${{K}_{n,n}}$ is also given for
$n\,\ne \,4k\,+\,1$.