An expert from The University of the Thai Chamber of Commerce (UTCC) has predicted that the economic policy of new U.S. President Donald Trump could benefit the Thai export sector by more than THB2.5 billion.
UTCC academic Aat Pisanwanich said the U.S.’s 45 percent increase in taxes to be levied on Chinese products could result in an 11.4 percent decrease in Chinese exports to the U.S and a 1.8 percent drop in China’s GDP, reported Thai News Bureau.
The 45 percent tax increase that would likely make Chinese exports to the U.S. too expensive to continue could provide an opportunity for Thailand to export more goods to the U.S., according to Aat.
He’s not the first so-called expert to believe that Trump’s administration could be positive for Thailand. The TISCO Assets CEO also had some similar thoughts with regards to Trump’s tax policies for corporations.
Aat also added that the withdrawal of the Trans-Pacific Partnership would reduce the member countries’ advantages in terms of tax but increase the benefit for Thai exports to the U.S. to THB2.58 billion.
