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Thailand is a good example. They have about $40b (USD) in balance of trade going the wrong way. Their initial ideas were simply to import more american petrol
by timewizard 1y ago
Thailand is a good example. They have about $40b (USD) in balance of trade going the wrong way. Their initial ideas were simply to import more american petroleum, vehicles and aircraft. This likely could have accounted for more than half the difference and significantly reduced their tariff rate by just changing suppliers of already imported products.
The US news is pretty useless here. It's more nuanced than they would like to admit. Foreign sources of news are the most instructive as they're actually covering the options realistically.
- ceejayoz 1y agoWhich way is "going the wrong way"?
- mooreds 1y ago> Foreign sources of news are the most instructive as they're actually covering the options realistically. Curious about what your go-to sources are?
- croes 1y agoThere are more consequences if you change the supplier because different supplier often means different product