Thailand would benefit from any U.S-China trade war, says minister
2024.11.07 01:10
BANGKOK (Reuters) – Thailand’s economy stands to gain from any U.S.-China trade war, Thai Commerce Minister Pichai Naripthaphan said on Thursday, adding the Southeast Asian country had good relations with both nations and would not need to take sides in a dispute.
In a trade war, U.S. imports of Chinese goods would drop and Thai products should replace them, meaning that Thai exports to the U.S will increase, he told reporters.
“We have a good balance between the U.S and China … the Americans love us, the Chinese love us, we don’t have to choose sides,” he said, adding a delegation of American businesses visit Thailand in November.
Pichai said he hoped for more investment from the United States, citing plans by hard disk producers Seagate and Western Digital (NASDAQ:) to expand their existing operations in Thailand.
