KONTAN.CO.ID - BANGKOK. Thailand's could lose between $5.6 billion to $6.7 billion in exports this year as a result of higher U.S. tariffs on Chinese goods, with shipments of electronics and automobiles expected to decline sharply, the Thai commerce ministry said on Tuesday. Like other export-focused Asian economies, Thailand has been caught in the crossfire of a trade war between the United States, its largest export market, and its second largest, China. The tariff war has sent a chill through firms from Thailand and other third countries that form part of the supply chains for Chinese exporters, Pimchanok Vonkhorporn, a commerce ministry officials said.
Thailand fears losing US$ 6.7 billion in exports due to lates US-China tariff salvo
KONTAN.CO.ID - BANGKOK. Thailand's could lose between $5.6 billion to $6.7 billion in exports this year as a result of higher U.S. tariffs on Chinese goods, with shipments of electronics and automobiles expected to decline sharply, the Thai commerce ministry said on Tuesday. Like other export-focused Asian economies, Thailand has been caught in the crossfire of a trade war between the United States, its largest export market, and its second largest, China. The tariff war has sent a chill through firms from Thailand and other third countries that form part of the supply chains for Chinese exporters, Pimchanok Vonkhorporn, a commerce ministry officials said.