Thailand Pledges to Buy More Energy From the U.S. ...0

OILPRICE - Economy
Thailand Pledges to Buy More Energy From the U.S.
source : OILPRICE ( Middle East ) () 37
Thailand has become the second Asian nation to promise to buy more U.S. energy commodities in a bid to avoid tariffs in as many days. Vietnam earlier this week did the same as import tariffs loom over all U.S. trade partners that have a surplus with Washington. The Thai government has estimated that an additional import tariff of 11% from the United States would lead to a hit of $8 billion for the state coffers, Bloomberg has reported, which motivated the decision to commit to more energy buying. The move follows Vietnam’s decision to reduce…

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