How Thailand became a casualty in the US-China trade war
from South China Morning Post and AFP About one third of all the rubber in the world comes from Thai forests, many in the southern regions. But a sudden drop in Chinese demand has compounded a longer term global oversupply crisis to push prices off a cliff. Countries like Vietnam are benefiting as manufacturers migrate from China to avoid punishing tariffs on exports to the US. But in Thailand, the price of rubber has slumped 20 per cent since June, as those same tariffs bite hard on demand from factories in China – the market for more than half its latex exports. Some of Thailand’s rubber workers are being forced to abandon their plantation jobs for factory work. “I couldn’t feed my children anymore,” said Annita, who used to work 10 hours a day harvesting latex in Chiang Rai, northern Thailand, making just 230 baht a day, less than the minimum wage... If you wish to read this full breaking news headline article, How Thailand became a casualty in the US-China trade war, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'Phuket Gazette'. Thank you
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