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%.

Prime Minister Paetongtarn Shinawatra’s government has prepared a strategy to cope with reciprocal tariffs scheduled to be announced by President Donald Trump on Wednesday, Vuttikrai Leewiraphan, permanent secretary at the Ministry of Commerce, told a briefing in Bangkok. Thailand will adopt a “holistic approach” to trade negotiations to minimize the impact on its economy, he said.

Thailand’s trade surplus ...