Trade Tensions Escalate: Thai Business Leaders Demand Government Intervention as U.S. Policy Sparks Economic Anxiety
In a proactive move to address potential trade tensions, the Thai Chamber of Commerce has called on the government to take swift action in response to uncertain U.S. trade policies. The organization is recommending the establishment of a strategic "war room" to preemptively counter any potential tariff threats from the Trump administration.
Expressing deep concern over the evolving global trade landscape, the chamber emphasized the critical need for Thailand to conduct an urgent review of its import taxes on American goods. Their strategy involves increasing imports from the United States as a means to mitigate the existing trade surplus between the two countries.
This recommendation comes in the wake of President Donald Trump's recent broad trade memorandum, which mandates federal agencies to complete comprehensive trade reviews by April 1. The directive specifically focuses on analyzing persistent U.S. trade deficits and exploring potential remedial measures.
The Thai Chamber of Commerce views this proactive approach as essential in navigating the complex and increasingly volatile international trade environment, seeking to protect Thailand's economic interests while maintaining constructive diplomatic and economic relations with the United States.