US-China trade row won’t hurt Thai exporters

 

   

BANGKOK, 10 May 2019 (NNT) - Moving on to the ongoing trade war between China and the United States, the US government is prepared to raise a 10% levy on imports from China to 25%, starting on May 10. After evaluating the situation, the Ministry of Commerce disclosed that the new tariffs would not affect the export sector of Thailand. Although Thailand may export less products to China, the US is expected to import more Thai products.

 

The Deputy Minister of Commerce, Chutima Bunyapraphasara, said the ministry would have to examine which products would be affected if the US raises tariffs to 25%. If the list of affected products is the same as those in the previous list, the tariffs would not significantly hurt the Thai export sector. Besides, the US would have to look at other products to substitute imports from China, and this would create more opportunities for Thai exporters to expand their businesses.

 

The Ministry of Commerce has continued to find new markets for Thai exporters to ease the impact of the US - China trade row. The ministry has plans to penetrate markets in secondary cities in the US, China, India, and other countries. The ministry will hold a meeting with commerce attaches stationed in different countries on May 31 to evaluate the trade situation and promote the export sector.

 

The Director of the Office of Policy and Strategic Trade, Pimchanok Vonkorpon, said Thai products have the potential to replace Chinese imported goods in the US. If the tariffs are imposed, some of the affected Chinese imports include meat, seafood, fruit, coffee, tea, condiments, sauces, drinks, sugar, and sweets.

 

She said the Thai products with the potential to replace Chinese imports in the US include automobiles, auto parts, clothes and accessories, computer components, electrical appliances, machinery and equipment, condiments, and drinks.

 

-- © Copyright nnt 2019-05-10

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Yeap, Teflon™ Thailand..

 

4 minutes ago, webfact said:

US-China trade row won’t hurt Thai exporters

But the value of the baht will!!

Thai exporters have now joined the exalted ranks of Thai tourism, congratulations

4 hours ago, webfact said:

Besides, the US would have to look at other products to substitute imports from China, and this would create more opportunities for Thai exporters to expand their businesses.

I'm sure China will appreciate (not) Thailand in effect supporting US increased tariffs against China by expanding Thai exports to the US in place of lost Chinese exports.

Just how fast can China cut Chinese tourism to Thailand to make a point of dissatisfaction with the Thai government?

4 hours ago, webfact said:

After evaluating the situation, the Ministry of Commerce disclosed that the new tariffs would not affect the export sector of Thailand.

Let's not get too far ahead of yourself.

In March 2019:

• "In the short run, some Thai export items may benefit from trade diversion as US and Chinese importers shifted to certain Thai products to avoid punitive tariffs. However, indirect effect from the trade war on regional supply chains can dampen Thai export sentiment in the long run."  https://www.thaipbsworld.com/impact-on-thai-export-from-the-us-trade-war/

In April 2019:

• "while the outcome of the ongoing US-China trade negotiations remains unclear, a prolonged trade war between the two countries would impact Thai exports." - Auramon Supthaweethum, director-general of the Department of Trade Negotiations (DTN) under the Commerce Ministry. http://www.nationmultimedia.com/detail/business/30366870

 

 

 

Trump is so unpredictable, he may well demand a balance of trade....which he would be quite correct in doing. 

His comment months ago questioning why the US is supporting "sh&&-hole" countries, hopefully didn't reflect on Thailand, but who knows?

I know people in the import/export business and they tell me that they are hurting now.

I know who I believe.

China has put an order in for 8 white elephants ,xtra large

8 hours ago, klauskunkel said:

Thai exporters have now joined the exalted ranks of Thai tourism, congratulations

Haha, I think you summed it up with one sentence.