Thai Business Group Urges Action From Government Amid 'Panic' Over U.s. Trade Policy
The Thai Chamber of Commerce is urging the government to take swift action in response to uncertainty over US trade policy, proposing the creation of a "war room" to mitigate potential tariffs by the Trump administration. The chamber's vice chair acknowledged that Thailand's panic over US trade policy is justified, given the country's significant reliance on exports to the US market. The Thai government must review its import taxes and increase imports to reduce the trade surplus with Washington, according to the chamber.
- This scenario highlights the interconnectedness of global trade, where even minor disruptions in one market can have far-reaching consequences for economies like Thailand.
- Will a proactive approach by the Thai government to address these concerns lead to increased investment and growth in the country's key export sectors?