Thailand will benefit from any US-China trade war, minister says By Reuters

BANGKOK (Reuters) – Thailand’s economy will benefit from any US-China trade war, Thailand’s Trade Minister Photosi Naripthaphan said on Thursday, adding that the Southeast Asian country has good relations with both nations and would not have to take sides. in the conflict.

In the trade war, the sales of Chinese goods to the US will decrease and Thai products should take their place, which means that Thai exports to the US will increase, he told reporters.

“We have a good balance between the US and China … the Americans love us, the Chinese love us, we don’t have to choose a side,” he said, adding a delegation of American businesses visited Thailand in November.

Photosi said he hopes for more investment from the United States, citing plans by hard disk manufacturers Seagate and Western Digital (NASDAQ:) to expand their existing operations in Thailand.