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  1. #1
    Thailand Expat misskit's Avatar
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    Dollars devalue against Baht amid US heavy tariffs on steel, aluminum

    BANGKOK, 10th March 2018 (NNT) - The Thai currency will continue to appreciate against the US dollar following the Trump administrationís move to impose stiff tariffs on steel and aluminum imports, reports Kasikorn Research Center (KResearch).

    KResearch Managing Director, Chao Kengchon said today that the center believes that the volatility of the US dollar will persist after the US President Donald Trump this week signed executive orders imposing global tariffs of 25% on steel and 10% on aluminum. President Trump cited an unfair foreign trade advantage as the main reason.

    Chao said the move is highly likely to invite retaliatory measures from foreign countries including the European Union and China.

    Measures taken by the rest of the world, according to the center, will cause a devaluation of the US currency, hence a stronger baht for the foreseeable future.

    Overall, he said the US economy is performing well, with the unemployment rate easing down to 4.7% in February compared with 4.8% in January, 2018.

    In the meantime, the Thai Ministry of Commerce has made known it will keep a close watch on the USís economic policies and their impact.


    National News Bureau Of Thailand | KResearch: Dollars devalue against Baht amid US heavy tariffs on steel, aluminum

  2. #2
    POTUS HOCUS
    david44's Avatar
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    Quote Originally Posted by misskit View Post
    has made known it will keep a close watch on the US
    bet they're terrified

    Of course watch has a whole new nuance in the Lieland, if you've got the loot, they've got the scam
    Last edited by david44; 11-03-2018 at 05:08 PM.

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