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100
Wall Street plummets ,trillions lost
Won't affect me, whatever reciprocal actions the Thais take against the US. I'm already boycotting US franchises here in Thailand including, but not limited to, McDougals, Starbucks, Burger King, Oscar Meyer products, US beef (Aus instead), McCormick products, Tim Hortons (US owned for many years), Coke, Sprite, Pepsi product. No US booze (beer is weak anyway, and Kentuky whisk(e)y tastes like rotten socks) nor other US junk food at Villa and Big C/Tops. European booze and wine is far superior anyway. I don't order from Amazon anymore. People in other countries (EU) for example are doing this too. I never take a US airline. And then of course Canada kicked all this off (credit where due) with air passenger traffic down 70% to the US as of last count. The Trump supporters will try to joke and minimize this - but here's the thing: once this takes hold, getting those customers back, if at all, could take a generation. That means tens if not hundreds of millions of non-US consumers that previously bought US goods and service - gone with all that money. -
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Thailand Urged to Form ‘War Room’ in Response to US Tariffs
Do any of you posters here actually live and work in Thailand? 3 pages of people mostly agreeing with all of this with very little regard to how this is going to affect business and therefore people in Thailand. All most of you care about is cheaper American wine and for some bazaar reason, buying Harley's that no one other than Americans buy anyway. The actual reason for all of this is Trump looking at trade deficits (not neccessarily who tariffs US products more) which currently stands at $45B (pocket change for the USA) but since Thailand's main US imports come from mineral fuels, oils, distillation products, machinery, nuclear reactors, boilers, and electrical and electronic equipment the room for increasing buying of these things is limited (it's not just about buying a few more Harley's or a couple more bottles of Jack Daniels). Thailand can however start buying more natural gas from the US as it currently buys this from the Middle- East, more agricultural products and yes, of course it can reduce tarriffs but the reducing of tariffs still doesn't affect the trade inbalance sufficiently enough as people still have to buy the product and there's still a VERY limited market for US products in Thailand and moving production to the US is just not going to happen. Plus there is also no guarantee that even if Thailand does drop tariffs, the US will reciprocate (see someones post about Vietnam earlier). These are worrying times for Thailand which is already trying to cope with high household debt leading to a major decrease in local buying power so before you start slagging off the country you actually live in (if you even do of course) have a thought for how a very low predicted 2025 GDP growth of some 2.3% is now going to take a 1% hit just from these measures alone. How many factories will be forced into closure and the subsequent knock on effect of businesses that supply to these factories. Closures and wide-ranging redundancies are highly likely. But yeah, as long as long as you get a cheaper glass of wine. My own business is intricately linked to Thai business and I am VERY concerned that this will be the final 'straw' for many Thai companies. Worrying times ahead indeed. -
86
Trump Declares 'Liberation Day' as Sweeping Tariffs Take Effect
You obviously aren’t aware that many manufacture products have content from multiple nations. Perhaps you had turnips in mind. -
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Thai Visa (Retirement)
As an aside, I did my retirement extension yesterday at Jomtien Imm. 6th in the queue, 40 Min wait. Two dudes processing. From handing paperwork over to return ticket in hand Four and a half minutes. -
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Luxury Furniture Fuss as State Audit Office Faces Backlash
You all are being to harsh: all that expensive furniture and such was to provide samples of ways money could be corruptly spent. Train those young investigators what to look for...
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