About 1,100 Thai industrial products may be affected by China-US trade war

 

About 1,100 items of industrial products are likely to be affected by impacts from trade war between China and the United States, said Mr Kriangkrai Thiennukul, vice president of the Federation of Thai Industries (FDI), on Monday.

 

The FDI is currently making an assessment about potential impacts from the looming China-US trade war to Thai industries, especially 45 industrial groups involving 11,000 industrial operators whose products are related to exports to the US and Chinese markets.

 

Although the trade war is between two major economies, Mr Kriangkrai said the FDI is concerned that the fallout from the trade war may affect Thailand. As a small country, Thailand exports account for 70 percent of revenue, hence, the FDI has to closely monitor the developments.

 

Full Story: http://englishnews.thaipbs.or.th/1100-thai-industrial-products-may-affected-china-us-trade-war/

 

-- © Copyright Thai PBS 2018-6-25

Luckily Thailand does not charge high import taxes cars are only around 300% 

but isn't this about Thai 'Export' worries?

 

coconuts

chillies

and wives

 

 

is Thailand Middleman-on-exporting Chinese goods? 

I don't know if anyone is following the news about the US - EU trade war.
A running joke at the moment is the introduction of taxes on American made products that include:

Peanut butter
Motorcycles (Harley Davidson [emoji23])
Whisky

19 minutes ago, CLW said:

I don't know if anyone is following the news about the US - EU trade war.
A running joke at the moment is the introduction of taxes on American made products that include:

Peanut butter
Motorcycles (Harley Davidson )
Whisky

Or if you're from Canada..... steel/alum. to start with... that's pretty much almost everything

21 hours ago, snoop1130 said:

the FDI is concerned that the fallout from the trade war may affect Thailand.

Soraphol Tulayasathien, director of Economic Stability Analysis Division at the Finance Ministry’s Fiscal Policy Office (06-21-2018):

Thailand has also diversified its export markets, and was not dependent only on China and the US.

..... the prospects for exports and tourism looked promising.  

http://www.nationmultimedia.com/detail/Economy/30348268

Someone doesn't know what global economics involves?

Edited June 26, 20188 yr by Srikcir
msp

There could be wins - like Harley_Davidson moving production to Thailand (This was planned after the TPP was torn up by Trump, but now even more beneficial as they can sell into the EU from Thailand to avoid EU punitive tariffs). Maybe a peanut butter production line next?

But will the Harley afficionados shell out their ca$h for an American Dream, Made in Thailand (and not Made in Brazil) !!!! ?

Edited June 26, 20188 yr by observer90210

Didn't realise OTOP was so important to their economy.  Everything else they export overseas belongs to large international corporations and not Thai companies.