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Bangkok Post
Bangkok Post
Business
PHUSADEE ARUNMAS & LAMONPHET APISITNIRAN

Surviving Trump's trade blitz

The escalating global trade war has been a recurring anxiety on the minds of many since US President Donald Trump vowed to "Make America Great Again" by imposing hefty import tariffs in an attempt to level the playing field and help US manufacturers.

Mr Trump's gambit is also viewed as a radical attempt to reduce the massive US trade deficit with China, which stood at US$375.57 billion (12 trillion baht) in 2017, according to the US Census Bureau.

President Trump's hefty tariffs may reduce the US trade deficit with China, but Thai trade has more to lose than to gain.

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