THE US-CHINA TRADE WAR AND ITS IMPACT ON THAILAND’S ECONOMY

  • Irina Onyusheva Turan University, Almaty
  • Rungnapa Khamboocha Stamford International University, Bangkok
  • Nipaporn Muangmutcha Stamford International University, Bangkok

Abstract

This paper analyzes the economic consequences of the trade war ongoing between the USA and China as applied to Thailand. The paper mainly focuses on the relationship between the global tariffs’ imposition during this US-China trade war as they directly hit several Thai export products as well as the US-China trade war impact on Thai business via dumping goods into Thailand and Thai products intermediately affected by the tariffs imposed on Chinese or US goods. Recently, it has been illustrated by many researchers and economists that trade wars, especially between those waged between such large economies have adverse economic effects on the global economy and international trade. This paper utilizes PESTEL and also causes and consequences analysis to explain the trends of the US or China exports of goods and services to Thailand, Thai intermediate inputs indirectly affected by the tariffs imposed on Chinese or US goods and dumping goods into Thailand as the latter could intensify domestic competition.

Author Biographies

Irina Onyusheva, Turan University, Almaty

Dr., Prof., Turan University, Almaty, Kazakhstan.

Research interests: strategic management, increasing economic competitiveness at both micro- and macro- levels; human capital development; HR management; knowledge economy; knowledge management; project management; management in education

Rungnapa Khamboocha, Stamford International University, Bangkok

Stamford International University, Bangkok, Thailand; International MBA Program

Research interests: international business management, strategic management, HR management

Nipaporn Muangmutcha, Stamford International University, Bangkok

Stamford International University, Bangkok, Thailand; International MBA Program

Research interests:  international business management, strategic management, HR management.

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Published
2020-04-04
How to Cite
Onyusheva, I., Khamboocha, R., & Muangmutcha, N. (2020). THE US-CHINA TRADE WAR AND ITS IMPACT ON THAILAND’S ECONOMY. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (2(21), 17-32. https://doi.org/10.35678/2539-5645.2(21).2020.17-32