Krungsri Research Center analyzed the global and Thai economies. US President Donald Trump escalated the trade war by raising tariffs on goods by increasing the tariff on cars by 25% and collecting retaliatory tariffs on all countries around the world after the US economy was at risk of slowing down more than expected. The escalation of the trade war has increased concerns about a slowdown in the US economy that may be more than expected through higher import costs and reduced employment.
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