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50
Thai Baht Set to Weaken as US Tariff Tensions Escalate
It will most certainly damage the Thai economy and some of the most economically vulnerable of Thais will suffer when they can't sell their products into the USA. The US agriculture and seafood lobby has been lobbying against Thai food products (seafood, rice) for years. Tariffs will be applied to Thai products. The assumption/hope that Trump and his plan sponsors have is that the foreign currencies exchange rate with the USD will crash and that the increased costs consumers will pay, will be offset by the depreciation of the exporter currencies. The Trump plan requires foreign currencies to depreciate, otherwise the tariffs will hurt US consumers and will cause inflation to increase. It is a gamble. The Trump plan does not take into account that the USA will be taking on multiple foreign economies at once. It might have had a chance to work if it was 1 or 2 weak economies at a time, but the Trump tariffs will attack G7 member economies at the same time it hits Thailand and India. Thailand to USA 2023 Exports In USD Machinery, nuclear reactors, boilers $10.32B Rubbers $4.62B Vehicles other than railway, tramway $2.60B Pearls, precious stones, metals, coins $1.70B Articles of iron or stee l$1.43B Plastics $1.10B Optical, photo, technical, medical apparatus $925.23M Meat, fish and seafood preparations $857.25M Furniture, lighting signs, prefabricated buildings $773.42M Vegetable, fruit, nut food preparations $674.24M Cereals $661.31M https://tradingeconomics.com/thailand/exports/united-states -
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BREAKING NEWS Trump Signals Potential Meeting with Putin in Saudi Arabia Amid Ukraine War Talks
Simon makes sense. Of course nobody wants to see a bully profit from their aggression. But the cost of returning to status quo ante is more than the game is worth. Is Ukraine worth a potential World War 3 between NATO and Russia? That is the bottom line. Because the Ukranians won't be able to expell the Russians from their territory otherwise. They will only gradually lose more and more territory and more and more lives. Ukraine isnt a NATO member, or EU member, was never actually a free and democratic country. I don't think it is worth the expenditure of blood and treasure to make them whole. So they lose some land, gain some security guarantees, and move forward. -
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Trump's Nobel Peace Prize
If Trump negotiates a peace deal in Ukraine and ends the Gaza conflict, should he get two Nobel Peace prizes or just the one? -
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BBC with a brutal takedown of Ukrainian hopes
Russia has just said any peace deal will include Ukrainian input - bursting a stupid bubble floated by Zelensky that he wouldn't accept a deal done between the USA and Russia with his involvement. As if that was ever going to happen. -
125
Updates and events in the War in Ukraine 2025
Good luck and stay safe, you and your brothers -
135
Is Elon Draining the Swamp on Government Spending or Is He the Swamp?
Smart cookies among us(you know who you are) knew full well Reuters AP Politico etc etc was left wing state propaganda. Must be a shock to others that thought of it as a credible source!
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