
realfunster
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Thailand to Boost US Imports Amid Tariff Turmoil
realfunster replied to webfact's topic in Thailand News
That's true enough - I think it's well known that China has tried to circumvent previous US tariffs. Still, it doesn't make the numbers on the placards waved around by Donald anywhere near accurate. I guess it's the "shock & awe" approach to negotiations ! -
Thailand to Boost US Imports Amid Tariff Turmoil
realfunster replied to webfact's topic in Thailand News
Hmmm, Google AI seems to be following the White House's line. I just searched "tariffs on US cars in Thailand: and got the following. "Interesting" that the back of a fag packet 72% tariffs are now being stated as fact. "AI Overview : Thailand faces potential economic impact from US tariffs on automobiles and auto parts, including a 25% tariff on automobiles and components, as well as a 36% tariff on Thai imports due to Thailand's 72% tariff on US goods. " -
Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
realfunster replied to webfact's topic in Thailand News
All very true - but I cling to the hope this is all bluster and a negotiating tactic 🙂 Let's be realistic, the US remains the global economic superpower, after the huffing and puffing, I expect pragmatism will kick-in and all sides will be looking for deals to be made rather than starting an escalatory trade/tariff war. Thailand for example, a healthy trade surplus with US. They can either walk away from that or negotiate a slightly less favourable US trade surplus. With China, they have a huge deficit and who knows whether Beijing sees reducing their current surplus as economically possible or politically advantageous. They might be able to expand trade with EU and UK. Currently neither of these have an FTA in place due to Thailand's protectionist policies... Anyway, we will see ! -
Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
realfunster replied to webfact's topic in Thailand News
That Chinese consumer market has been there for eternity. As we speak, Thailand runs a trade surplus with US (beneficial to Thailand) and a massive deficit with China (negative for Thailand) and has done for many years. I wonder how/why this massive deficit with China will suddenly turn around ? "If" China starts offering more equalised trade with Thailand and others, I wonder how that will impact the Chinese economy Frankly, I can see why the Yanks have targeted Thailand. Been enjoying a trade surplus with them, whilst subsidising the CCP economy....- 633 replies
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
realfunster replied to webfact's topic in Thailand News
When we transitioned to globalism, there was a lot of domestic pain across developed countries. Those of a certain age will remember the mass layoffs in the manufacturing/manual jobs industries as these were offshored and we switched to a service based economy. This is still a developing scenario but perhaps we are seeing the start of a globalism re-set. I believe all will be looking for a negotiated settlement which will water down these tariffs. We will see how things develop. The tariffs are broad but you can see a pattern of heavier tariffs on those whom the White House are not acting in good faith. The US has no responsibility to subsidise other economies. I guess the White House feels that many countries take too much advantage of the status quo whilst engaging in protectionist policies themselves. Closer to home, as I have mentioned elsewhere : 1) Thailand has highly protectionist import and business restrictions. 2) Thailand runs a healthy trade surplus with the US, which the US might accept if it were not for (1) and I speculate particularly (3) 3) Thailand runs an unhealthily large trade deficit with US-nemesis China. Partly as China appears to have been able to side-step point (1). No particular view on whether this is the right approach, I'm just trying to analyse things beyond "Trump is a c*ck" 🙂- 633 replies
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Thai Health Ministry Issues Advice for "Earthquake Drunk" Symptoms
realfunster replied to snoop1130's topic in Thailand News
I was in the office Monday (high-rise) and did a walk round to inspect the obvious but minor damage to our site. I'll admit to being a bit twitchy for an hour or two but settled down soon enough. Quite a few Thai colleagues got swept up in Monday's mass unsubstantiated panic via social media, evacuated the building (via the lifts, of course 🙂) and took leave on Monday PM rather than stay in the office. Today more of my Thai colleagues returned back to the office and indeed, PEDZ seems to be the trending illness-du-jour. Interesting how Thais can be both so resilient at times and then equally as flaky at others... A quick Google indicates the Japanese have most commonly identified this condition in areas with major quakes followed by numerous significant after-shocks. The latter doesn't seem to apply in Thailand, unless sensitive folks that are on edge are picking up the numerous Myanmar after-shocks and others just aren't registering them. Two main factors are proposed (1) motion sickness - hardly seems likely to be long lasting in Thailand beyond a few minutes/hours after a 1 minute quake and (2) anxiety/panic - more likely. Advice includes avoiding doom scrolling and reading negative earthquake related news which may heighten anxiety. Presumably, that might include reading about PEDZ and feeding that into the anxiety feedback loop also 😉. -
Trump Tariff Turmoil: Thai Car Market Skids to a Halt
realfunster replied to webfact's topic in Thailand News
I saw Thailand was on the Top 15 list of US Tariff Targets. Not surprising - many protectionist policies in place, plus the real kicker is Thailand runs a huge trade deficit with China but enjoys a reasonable surplus with the US. Question is - will implementing tariffs on countries like Thailand bring them in line with US expectations or simply push them to align closer both economically and politically with their other trading partners ?- 119 replies
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Warning to Parents: Skewer Accident Highlights Safety Tip
realfunster replied to webfact's topic in Thailand News
Reminds me of a very British incident many years ago at Uni...my mate was using one of those metal BBQ skewers to put a hole in a conker. Finding this time consuming and difficult, in frustration he cupped the conker in his hand, turned it upside down and then forcefully pushed down the conker onto the skewer. We were both startled when the skewer rapidly penetrated the conker, his palm and fully appeared out of the back of his hand. No lasting damage done. 😄 -
Thailand's Tax Incentives Aim to Boost Equity Market Revival
realfunster replied to webfact's topic in Thailand News
I can assure you the "HiSo rich" will got give a hoot about what amounts to maximum a couple of hundred thousand baht of annual tax savings. More interesting for the middle-class working man like myself, I will need to understand the scheme a bit more (if it ever happens) but the opportunity to save some tax on (i) new investment in ESGX and (ii) transfer of existing LTFs to ESGX is possibly interesting. Many will be in the same position as myself in that LTFs/SSFs bought from 2013 onwards will be in negative territory. Not such a great retirement plan... I'd read this as a policy move which clearly indicates that the SET is deeply struggling, the switch from LTFs to SSFs has not worked, and they are worried that people will cash out existing LTFs further lowering prices. I have already done so myself for some. -
That's life - history shows you don't need an army until you do and if you are not ready, you are screwed. In the last week alone both the UK and now Germany have committed to increase military spending. I don't think Europe should be over-relying on US to ride in and save the day (again). Robust European militaries strengthen both the individual countries and the whole NATO group. The reverse is also true, China is highly dependent on exports to the US consumer market. China is 15% of all US imports. US is 16% of all Chinese exports but makes up around 46% of their overall trade surplus. (USD 404bn/USD 877bn - WITs/Worldbank) Whilst the US consumer will notice impacts on product choice and availability, a trade war means large swathes of Chinese losing jobs and potential civil unrest. I am not convinced that China wins a blinking contest on that one.
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50m Baht Casino Entry Requirement Up for Future Debate
realfunster replied to webfact's topic in Thailand News
Once in a while, you hear something so dumb, so absolutely imbecilic and lacking in any critical thinking that it makes your head hurt. This is one of those occasions. Either ban Thais entirely or come up with a sensible entrance fee and/or financial requirement for Thais to enter. Setting an arbitrary asset limit of USD 1.5m plus is ridiculous and stupid. Maybe written by the same illogical people who come up with Thai Laws that punish with either a THB 500 fine or 10 years in prison for the same offence. -
The Costly Illusion of UK Net Zero: A Dangerous Fantasy
realfunster replied to Social Media's topic in World News
The EU have already walked back a touch and have recently announced some reductions to the corporate reportings required around Sustainability/Green issues. Practical reality is this. EU can try to take the lead on carbon reduction/net zero with the risks that involves around being a first adopter but I don't see much major traction on net zero from other major economies such as US, China, Japan and India. Well, that is apart from China, who are gleefully making all the solar cells and EVs to sell to environmentally conscious Europeans & Yanks whilst they continue to generate >50% of their electricity from coal. They are playing the game very well... -
China's Condo Craze Cools as Economic Woes Hit Thailand
realfunster replied to snoop1130's topic in Thailand News
You can imagine these Chinese investors being promised the earth by agents when buying these condos, they are finding reality a different experience. Low yields, high costs and limited resale options. Let’s hope the condo bubble is not too big… -
Thai Stocks Surge as Bank of Thailand Cuts Interest Rate to 2%
realfunster replied to snoop1130's topic in Thailand News
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