Zakhar

USA many not be a big trading partner like China, yet Thailand imports quiet a bit of commodities . US can play a significant role to further change Thailand into an industrial economy. However, the total import cost ( Tariffs, Taxes, fees and other expenses added to the cost of a products) is significantly higher and Thailand had a free roll so far. Negotiating with USA is a good deal for Thailand. However, Thailand should look into their overvaluation of their currency. It will make farangs happy in the long term.

It was almost 37 THB to a $ almost a year ago. It was consistently trading at 36 THB to a a $ at an average for 2 years. IMHO, the THB is over valued. Here again, who knows how all of these things will hash out eventually. Undervalued THB is good for the Farangs:):)

Time for Thailand to choose friends and foes. In 2023, Thailand's trade deficit with China reached a record high of $36.6 billion, driven by imports exceeding exports, with Thailand importing $105 billion worth of goods from China while exporting only $69 billion. Thailand had trade surplus with the US was45 billion.

Thailand charges overall 72% tariff on imports from USA. In 2024, the US goods trade deficit with Thailand was $45.6 billion, a 11.7% increase from 2023, with U.S. goods imports from Thailand totaling $63.3 billion. Thailand had a $35.4 billion trade surplus with the United States in 2023. Reciprocal Tariff is only 36% from the USA.