Commerce: US deficit is fair | Bangkok Post: business - News Summed Up

Commerce: US deficit is fair | Bangkok Post: business


Thailand is pushing back against US charges of unfair trade. PATTARAPONG CHATPATTARASILLThailand insists that the country's trade surplus with the US does not stem from unfair trade practices and that the figures are insignificant. Thailand was named in an executive order as one of 16 countries Mr Trump wanted an investigation into, as he vowed to reverse his country's trade deficit. Pimchanok Vonkorpon, director-general of the Commerce Ministry's Trade Policy and Strategy Office, which is coordinating the report, said Thailand already submitted its report detailing the factors causing its trade surplus with the US. "A crucial point is Thailand insists in the report that the trade deficit value is not substantially high, making up only 1.5% of the US's total trade deficit," she said.


Source: Bangkok Post May 11, 2017 23:48 UTC



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