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Thailand, Balance of trade

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Reuters |
Thailand could suffer a $7 billion to $8 billion export loss from potential U.S. tariffs if the U.S. administration were to even up levies between the two countries, but it has a strategy for trade n...
CNN |
Myanmar’s ruling military government has announced a temporary ceasefire in operations against armed opposition groups to aid recovery efforts following Friday’s devastating earthquake.
CNN |
The immense scale of the disaster has piled a fresh crisis on the impoverished Southeast Asian country, where almost 20 million people were already in need of humanitarian assistance after four years...

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Thailand may lose up to $8 bln from potential US tariffs, says official
Thailand could suffer a $7 billion to $8 billion export loss from potential U.S. tariffs if the U.S. administration were to even up levies between the two countries, but it has a strategy for trade negotiations,
Thailand Vows to Cut US Trade Surplus as It Sees $8 Billion Hit
Thailand pledged to narrow its trade surplus with the US by importing more energy and food products, with officials estimating the hit to the Southeast Asian nation’s exports at about $8 billion if the Trump administration raised tariffs by 11%.
Thailand braces for US$7 billion or more in losses from Trump’s tariffs
Thailand has offered to try to increase imports of corn, soybeans, crude and ethane to narrow its trade surplus with the United States.
Myanmar’s military government announces temporary ceasefire to aid quake efforts
Myanmar’s ruling military has announced a temporary ceasefire in operations against armed opponents effective April 2 to April 22 following last week’s deadly earthquake, state-run MRTV said on Wednesday.
DEC Myanmar Earthquake Appeal
Dr Sian Williams presents the DEC Myanmar Earthquake Appeal
AP PHOTOS: Rescue dogs aid search efforts at site where Bangkok building collapsed after earthquake
Sahara, Safari, Lek, Lilly and Naree are among the rescue dogs working at the site of the building that collapsed in Bangkok following Friday's earthquake.
The smell of death still lingers in the town at the epicenter of Myanmar’s earthquake
As the road shook beneath him, Ko Zeyer sped past crumbled buildings, buckled roads and gaping sinkholes toward his hometown of Sagaing, the epicenter of the most powerful earthquake to hit Myanmar in a century.
Myanmar earthquake toll crosses 3,000; heat and rains fuel disease risk
Conditions could get even tougher for the huge relief effort after weather officials warned unseasonal rain could threaten the areas hardest-hit by the quake, such as Mandalay, Sagaing and the capital Naypyidaw.
Myanmar Earthquake Death Toll Rises to Over 3,000 as More Bodies Are Recovered
The death toll from the massive earthquake that hit Myanmar nearly a week ago rose Thursday to 3,085 as search and rescue teams found more bodies, the military-led go

World leaders react to Trump's tariffs

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TIME |
Trump announced “reciprocal” tariffs on imports from nearly every nation on earth—allies and adversaries alike—in a move that is expected to rock the U.S. economy and will upend global trade.
BBC |
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish.
Reuters |
Oil prices fell 6% on Thursday as OPEC+ speeding up its unwinding of oil output cuts in May compounded already-heavy losses following U.S. President Donald Trump's announcement of sweeping new tariffs...

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‘Inflation Day Rather Than Liberation Day’: How the World Is Reacting to Trump’s Latest Tariffs
Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.
Reactions to Trump's tariffs: They will raise inflation, risk recession for US
White House aims to generate $700B through tariffs to finance tax cuts at cost of raising consumer prices and slowing economic growth - Anadolu Ajansı
What is a reciprocal tariff? Breaking down Trump's tariff plans
President Donald Trump said he'll be rolling out reciprocal tariffs. Here's what that means for the U.S. and its trading partners.
Trump's tariffs on China, EU and more, at a glance
US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,
FirstFT: Trump hits US trading partners with sweeping new tariffs
US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.
Trump imposes far-reaching new tariffs
President Donald Trump dramatically escalated his global trade war by announcing his most sweeping set of tariffs yet on goods from every country that trades with the United States.
Oil slumps 6% on Trump tariffs, OPEC+ speeding up output hikes
Trump stokes trade war as world reels from tariff shock President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.
Dow drops 1,400 as US stocks lead worldwide sell-off after Trump's tariffs ignite a COVID-like shock
Trump was the "economy vote." So, as a pro-hater, I'm keeping track of Trump's economy right here. Every month. Enjoy! The president launched into another unexpected aside over the word “groceries.” The comedian on "mom brain,
Special Coverage: Trump Tariffs Spare No Country
President Donald Trump is imposing tariffs on US trading partners worldwide, his biggest assault yet on a global economic system he has long bemoaned as unfair. \| Trump said Wedne
Elon Musk Stays Quiet On Tariffs As Tesla Nosedive Continues
The billionaire Trump advisor has nothing to say as the president’s signature economic policy wreaks havoc. His own fortune is down billions so far.
Bangkok Post on MSN12h
Thailand will negotiate with US on tariffs, says Paetongtarn
Thailand will negotiate with the United States on tariffs, Prime Minister Paetongtarn Shinawatra said on Thursday, hours after US President Donald Trump announced sweeping tariffs on imports from many countries to the US.
Higher prices are likely for these 10 grocery items when tariffs hit
A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, these items will likely cost more under President Trump's tariffs.
Pandora stock plunges as Trump tariffs on Thailand deliver bitter surprise
President Trump announced a 37% tariff on Thailand this week, much higher than the 10% level Pandora’s management had anticipated.
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Bangkok Post11h
Trump tariffs on Thailand return to original rate; SET Index nosedives
The US administration has readjusted tariff rates on Thailand back to the original figure, as fears of a trade war caused Thai shares to decline on Friday.
Thailand growth to be hit by US tariffs, finance minister says
Thailand's economic growth could be reduced by 1 percentage point due to the imposition of U.S. tariffs, the finance minister said on Thursday. To try to maintain exports, the government will import more U.
The Business Times8h
Tariff blitz hits Thailand, Cambodia with FDI, GDP at risk
BANGKOK AND SINGAPORE] Washington’s latest round of tariffs have jolted South-east Asia, with Thailand and Cambodia potentially bearing some of the heaviest blows. Read more at The Business Times.
Trump tariffs aimed at helping U.S. firms could bring higher prices and lost exports. What to know
Trump said tariffs will force other countries to lower their own rates on U.S. goods and services. But other nations are planning to retaliate.
This Herndon Thai restaurant survived the pandemic, now the owners hope to survive tariffs too
“It’s going to be a big impact for the restaurant,” added Sumitra Setapayak. “Hopefully something happens, and they can lower the tariff, and we can still survive and enjoy Thai food.” Trump argued that his decision would bring in hundreds of billions in new revenue to the U.S. and restore fairness to global trade.
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