Thai Industry Chiefs Call for Higher Tariffs on Chinese Imports
Thai Industry Chiefs Call for Higher Tariffs on Chinese Imports
Aug 8, 2024
asiafinancial.com
Thailand’s baht, which often strengthens near the end of the year, is expected to see slower gains due to weaker tourism numbers. Fewer arrivals, particularly from China, are reducing foreign currency inflows that typically support the baht. Analysts project only a 1% rise against the US dollar this year, below average seasonal performance. A slowdown in exports and falling competitiveness are adding to concerns over the currency’s stability. Authorities may intervene if appreciation pressures m
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