Trump looms large in 2026 local outlookListen to this articlePresident Trump's trade policies are expected to persist in 2026, though they may moderate as he focuses on winning the midterm elections, in preparation for the next presidential race. As a result, Mr Sompop said the likelihood of an intense trade war or technology war between the US and China next year is expected to decline. In addition, Trump is expected to continue to pressure the Federal Reserve to cut interest rates on an ongoing basis. If economic management falters, US bond prices could decline, Mr Sompop said. "Even the 19% import tariff proposed by the US on Thai goods already creates serious problems," said Mr Sompop.

Source: Bangkok Post December 23, 2025 00:20 UTC