Trump suspends 40 billion baht worth of duty-free trade for Thailand

[exparte]

Hr should suspend all Duty Free with Thailand. Thailand's Import Duties on everything is crazy, corrupt and unfair.

[30la]

Well, dear General, your great American friend begins to put his promises into action, what do you do now?
Trust is good, not trusting is better!

[CGW]

13 minutes ago, weegee said:

This all smells like the UN to me....Trump isn't interested in workers wages in Thailand....

Agree, though doesn't make as good headline! seems every article starts with "Trump" these days - busy man!

[CGW]

10 minutes ago, ExpatLife said:

If you still think Trump, Hillary, Bush, Obama or any of them since around Kennedy is anything else than a figurehead, then you've been duped, period 

Sssh! keeps them occupied, your going to ruin a lot of lives with the truth! "Divide and rule" 

[natway09]

Gut reaction lobby from the toxic chemicals from the US we no longer going to buy

The guy is a baby goose. God help America because Trump won't

[EricTh]

Trump is causing a world recession and higher priced products for Americans. 

[baansgr]

Oopps...thats a lot to loose...still the usual posters will quote Thailand's foreign reserves and high currency while the whole place is falling down around them

[AJBangkok]

Look at the silver lining. Part of the reason why the baht is so strong is because of the trade surplus they are running. These tariffs ( if they are enacted) will help weaken the Baht.

[EricTh]

4 minutes ago, AJBangkok said:

Look at the silver lining. Part of the reason why the baht is so strong is because of the trade surplus they are running. These tariffs ( if they are enacted) will help weaken the Baht.

A country currency is not due to trade factor alone, Thai economy is not that strong these days but the currency is still strengthening.

 

This is largely due to speculating funds seeking sanctuaries which drive high demand for Thai baht in times of economic uncertainty caused by Trump.

 

[bluesea]

This is what Thailand Needs ,A Reality Check from the Worlds Policeman.

it will definitely send the Baht South, a good outcome for all the Thai Workers and Falangs.

[mehrdad]

Unfortunately every news like this also can not stop thai baht !!

and thai baht is go crazy up and upper NoN stop ☹️

[chilli42]

2 hours ago, HOAX said:

Whatever makes the Baht eventually come crashing down is good news to me. The higher the Baht is climbing, the higher the fall will be and the worse it will be for the Thai economy.

 

Well, that's at least what I'm hoping for.

EVERY asset moves up and down so there is no doubt that you will get your wish.  The thing is when?  Keep an eye on interest rates as they are much of what is propping up the Baht .... which I think we all agree is undeserved based on national productivity.

[peter14]

That's is karma... for all the visa hell.. boom.. going to have imported beer

[johng]

 

No

2 hours ago, Isaanbiker said:

It should be "Ghin Phuan"- eating friends. 

No @boonrawdcnx  is corect

2 hours ago, Isaanbiker said:

“Phuan-Kin” or “eating friend” who only shows up for the freebies

 

 

 

 

 

[ukrules]

There will be a full audit of Thailand before Trump visits.

 

The lack of reciprocity deserves punishing.

[DLock]

This is really bad timing for Thailand, and will not affect the USA in the slightest.

 

...and the next few weeks will be very interesting for Thailand in terms of currency manipulation. 

 

These are desperate times for Thailand on so many levels...

[Thaidream]

2 hours ago, Dukeleto said:

Exactly what I was thinking.

There has to be a connection-  Thai exports to the US will cost  alot more if this goes through.

 

However, there is a 6 month delay in it going into effect- more than enough time for 'one hand to wash another'.

 

Thailand has been afraid to  in tervene in the currency markets so as not to be labelled a currency manupulator   by the US.  Let's see if we see intervention now by the BOT and Western currencies rise while the Baht falls.

 

While Thailand needs to come off the preferntial list of countries for export-  if the US has tied all this to a poison speaks volumes of who the World is dealing with.  

 

The US ysed to stand for a country that was ethical......no  longer.  

[atyclb]

2 hours ago, Enoon said:

And his moronic fans will cheer him for it.

 

Because that's what moronic bully worshippers do.

 

And he will be pleased by their contemptible, deplorable, moronic approval.

 

 

might consider raising the lithium dose

[friend of siam]

2 hours ago, CNXexpat said:

Some months ago the USA changed India from a 3rd world country to a 2nd world country and stopped the privileged customs for Indian exports, also because India demands very high customs for imports. Now I am curious what will happen if Trump finds out that it´s the same with Thailand. They also get very low customs for exports in the US (chemicals, hard discs and computer parts and so on) but demands crazy tariffs for US wines, cars and so on (for cars it´s 200 - 300%). Thailand makes a lot of money with these high customs - one reason why the VAT is so low - but if they have to lower them dramatically, the country will get a huge financial problem.

why you think they need to lower them..if the car is made and sold in los no import tax apply..high import dutys make sure production stay in the country....

[Captain 776]

If you know about the Shrimp trade here......he did workers a HUGE favore.....in the long run.

Shrimpers are trapped aboard Shrimp boats and treated poorly.

Workers in Shrimp factories in Bangkok are also sometimes held captive and made to work 16+ hrs a day.

Thailand needs to raise wages.

going rate for unskilled labor........work 8 hrs for 300 bhat per day.

Skilled workers 500 a day

u acceptable

[RJRS1301]

4 hours ago, happy chappie said:

He's da man.ive been waiting for trump to look at Thailand at its trade practices since the time he was meeting with chan o cha and trump said he couldn't work out why the US had such a trade deficit with Thailand.now he might see the bigger picture and go for it as he has done with China.

come on trump,show them how big your balls really are.????

The man is living with shrunken gonads, he is a blowhard bully, and this of course is retaliation for the phasing out of dangerous chemicals, and he thinks most are as silly as him and cannot see the connection.

 

[mlmcleod]

but Trump will rescind the order if Thailand can provide some dirt on his political rivals.  Photographs of Democratic politicians in bed with a Thai Lady Boy will gain extra credit.  No photographs of Republican politicians will be welcome.

[RJRS1301]

25 minutes ago, Thaidream said:

. There has to be a connection-  Thai exports to the US will cost  alot more if this goes through.

 

However, there is a 6 month delay in it going into effect- more than enough time for 'one hand to wash another'.

 

Thailand has been afraid to  in tervene in the currency markets so as not to be labelled a currency manupulator   by the US.  Let's see if we see intervention now by the BOT and Western currencies rise while the Baht falls.

 

While Thailand needs to come off the preferntial list of countries for export-  if the US has tied all this to a poison speaks volumes of who the World is dealing with.  

 

The US ysed to stand for a country that was ethical......no  longer.  

Not who the world is dealing with but what, he a walking diagnostic manual.

Ethics>>YTrump====oxymoron.

 

[CNXexpat]

11 minutes ago, friend of siam said:

why you think they need to lower them..if the car is made and sold in los no import tax apply..high import dutys make sure production stay in the country....

Sure. So Trump can say: "Lets make high tariffs on hard disks and other computer stuff to force the companies to build them in the US". He can do the same as Thailand does. 

Also many of the Thailand made cars go to by example Australia. So Australia can say "Let´s ask for 200 - 300% tariff for cars. So Mitsubishi, Ford, Toyota are forced to build plants in Australia". Then Thailand will lose this exports.

https://commodity.com/thailand/

[RJRS1301]

4 minutes ago, CNXexpat said:

Sure. So Trump can say: "Lets make high tariffs on hard disks and other computer stuff to force the companies to build them in the US". He can do the same as Thailand does. 

Also many of the Thailand made cars go to by example Australia. So Australia can say "Let´s ask for 200 - 300% tariff for cars. So Mitsubishi, Ford, Toyota are forced to build plants in Australia". Then Thailand will lose this exports.

https://commodity.com/thailand/

Considering the Australian car industry was closed down fully a few years ago, I doubt the government would consider the subsidies required would be an investment.

 

[Burma Bill]

5 hours ago, dabhand said:

Any connection to this article?

 

https://forum.thaivisa.com/topic/1130611-us-urges-thailand-to-reconsider-proposed-ban-on-weed-control-chemical/#comments

My thoughts as well - USA Agro-Chemical Companies!

[Fex Bluse]

3 hours ago, Enoon said:

 

He has discovered that a trade war with someone his own size (China) is not "easy to win".

 

He desperately needs to be seen to be a "winner".

 

So he does what a bully always does in such a circumstance.

 

He picks on someone "smaller" than himself instead.......Thailand.

 

And his moronic fans will cheer him for it.

 

Because that's what moronic bully worshippers do.

 

And he will be pleased by their contemptible, deplorable, moronic approval.

 

He does not give one gram of s*** about the conditions for workers in Thailand.

 

 

 

Sour grapes? Wumao? 

 

Stop making this about one man - Trump.

 

Going after all these cheating countries in Asia is LONG overdue. And the US government (both major parties) support a USA First Policy.

 

The Chinese economy has already been crippled. Lowest growth in almost 30 years! 

 

Look, if you want to play, play fair, by the rules. Or be crushed. 

[CNXexpat]

7 minutes ago, RJRS1301 said:

Considering the Australian car industry was closed down fully a few years ago, I doubt the government would consider the subsidies required would be an investment.

 

Ok, perhaps Australia is a bad example because not enough people are living there for an own car industry. But look at this statistics. Cars are the most important export to other ASEAN countries. But try to import a car from another ASEAN country. Very high customs. What will happen if they also ask for 200 - 300%?
https://www.nationthailand.com/Economy/30355983

[Cake Monster]

5 hours ago, happy chappie said:

He's da man.ive been waiting for trump to look at Thailand at its trade practices since the time he was meeting with chan o cha and trump said he couldn't work out why the US had such a trade deficit with Thailand.now he might see the bigger picture and go for it as he has done with China.

come on trump,show them how big your balls really are.????

I am just surprised  its taken so long for the US to react.

With more and more Chinese Companies relocating to Thailand to avoid Tariffs, it can only mean more grief to " Thai " Companies

[Fex Bluse]

45 minutes ago, DLock said:

This is really bad timing for Thailand, and will not affect the USA in the slightest.

 

...and the next few weeks will be very interesting for Thailand in terms of currency manipulation. 

 

These are desperate times for Thailand on so many levels...

The best many of us can hope for is that Thailand will do what they usually cannot avoid doing: put on a fake brave face, act impervious and try to fight back. 

 

I really pray they do fight back, maybe thinking China will come to their rescue. Subsequently, they will be labeled as being in China's orbit. 

 

If that happens, they will be absolutely devastated. 

 

Let's see which is stronger, their pride or their policy.