Thailand among leading beneficiaries of the U.S.-China trade war
Thailand has been a “leading beneficiary” from the ongoing trade fight between Washington and Beijing, according to Standard Chartered’s Clive McDonnell.
Although regionally Vietnam has often been named as one of the biggest winners from the fallout of the U.S.-China trade war, he pointed to the Thai baht “appreciating strongly” against the dollar as evidence of the Southeast Asian nation benefiting from the U.S.-China trade war, as reported in a CNBC article.
Since the start of the year, the Thai currency has appreciated more than 6% against the dollar.
Thailand Business News