WayneNS
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Thailand Urged to Form ‘War Room’ in Response to US Tariffs
WayneNS replied to snoop1130's topic in Thailand News
Thailand charges on average 8% on US imports. America charges on average 2% on Thai imports. The 37% rate is to reflect the huge $45 billion dollar trade deficit. This means the only way for Thailand to reduce the deficit and thus the tariff is to buy more American imports or otherwise make investments into the American economy. This is why it is a crisis. Thailand can't simply lower its tariff rate. Trump is saying I will not keep buying from you unless you buy a lot more from me.
