WASHINGTON: The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates further.
US President Donald Trump on Friday (Oct 17) shattered a relative calm in the trade war between the world's top two economies by threatening 100 per cent duties on Chinese goods - on top of rates averaging 55 per cent - in retaliation for Beijing's dramatically expanded export controls on rare earths.
