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Things thai people do that make no sense
And now you are the Thai language/cultural expert...go shove something you ya... You know where. -
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Economy Trump Dishes Out 36% Tariffs in Shock Move Against Thailand
Trump’s Tariff Bomb Hits Thailand: Economy on Edge Picture courtesy of The Thaiger President Donald Trump has ignited a fresh trade war with hefty tariffs on key trading partners, including Thailand. The surprising 36% levies have sent markets reeling and allies fuming, as they brace for the economic impact. Announced this week, the tariffs take effect from August 1 and target a mix of nations, including Japan and South Korea with a 25% levy, while Thailand and Cambodia face a steeper 36%. Laos and Myanmar were slapped with a massive 40% duty. Trump’s stern message on social media implied that these actions are just the beginning of a broader trade strategy. The tariffs, deemed "reciprocal," highlight continued friction in global trade. Trump’s administration confirmed twelve countries received direct notifications, with potential negotiations on the horizon. Despite a brief 90-day reduction in duties to 10%, the clock now ticks towards the August deadline, with uncertainty looming. Countries with limited trade connections to the U.S., like Kazakhstan, also find themselves on the list, facing a 25% tariff. Even Myanmar, struggling post-coup, is hit hard with a 40% tax on its exports. Malaysia and others unexpectedly join the lineup, sparking broader concerns. In a customary Trumpian warning, any retaliatory tariffs by these nations could see their levies increased further. Existing duties on certain sectors, like autos and steel, compound the potential hit, particularly for major exporters like Japan and South Korea. The financial markets reacted swiftly. The S&P 500 and Nasdaq saw a drop of 0.8%, U.S. Treasury bonds slipped, and the dollar surged. Asian currencies, including the Japanese yen and South Korean won, dropped over 1%, while automotive stocks also declined. Economically, Trump’s tariffs are seen as a hurdle for U.S. businesses, with potential price hikes for American consumers. Critics point to the true cost falling on U.S. importers, not foreign countries, challenging Trump’s narrative. Japan’s upcoming elections and South Korea’s new presidency add political layers to the situation. The EU has, for now, dodged the immediate impact but remains watchful for further developments. Trump hinted at additional tariffs for countries aligning with the BRICS bloc, pushing the narrative that this is just one phase of a broader economic strategy. However, legal challenges loom, with a U.S. federal court scrutinising the legality of these tariffs. Domestically, Trump’s actions place him at odds with the Federal Reserve. Chairman Jerome Powell has resisted calls for interest rate cuts, wary of inflationary pressures spurred by tariff-driven costs. Analysts warn that if Trump proceeds with full tariff implementation, import duties could skyrocket, hitting American households amid slowing economic growth. The tariffs are seen by some as a move to renegotiate trade terms, while others view them as economic brinkmanship with potential repercussions for the everyday consumer. For now, Trump’s ultimatum is clear: cooperate or face economic penalties. As more tariff letters circulate, the world braces for a prolonged trade conflict under Trump’s assertive lead. Adapted by ASEAN Now from The Thaiger 2025-07-08 -
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What does your fluency roadmap look like?
So far, so good...... Took the wife two weeks to teach me how to say stupid. -
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Traffic Phuket Family of 7 on Bike Sparks Safety Outrage
Should at least have a sidecar,
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