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The tough business of striking a fair trade deal with Trump’s US

The tough business of striking a fair trade deal with Trump’s US

13 Sept 10:25 Key points summarised by AI
  • The Trump administration aggressively pressures smaller economies like Thailand to accept "unfair" trade deals, demanding drastic tariff reductions on US goods, often to zero.
  • Trump's radical shift from traditional free trade to a protectionist, high-tariff approach upended decades of predictable US policy, forcing nations into a defensive posture.
  • Thai policymakers, unprepared for this shift, must now navigate demands for market liberalization while balancing domestic interests and leveraging limited geopolitical influence compared to key US allies like Vietnam and Indonesia.
  • Trump's tariff policy threatens to fragment the global free trade system, prompting other nations to form new alliances and potentially leading to a multipolar trade environment with increased risks for smaller economies.
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