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Trump Seeks To Reduce US Trade Deficit With Thailand


Last update: 03/10/2017

WASHINGTON, Oct 3 (Bernama) -- US President Donald Trump Monday suggested reducing the US trade deficit with Thailand when meeting with Thai Prime Minister Prayut Chan-o-cha at the White House, China's Xinhua news agency reported.

"Our relationship on trade is becoming more and more important. And it's (Thailand's) a great country to trade with," Trump told visiting Thai Prime Minister Prayut in front of reporters ahead of their bilateral talks.

"I think we're going to try and sell a little bit more to you now, make that a little bit better if that's possible," said Trump.

Statistics from the US Trade Representative shows that the United States maintained a US$18.9 billion's goods trade deficit with Thailand in 2016.

Over the past decade, two-way trade between Washington and Bangkok has grown by more than 36 per cent, with US exports to Thailand increased by more than 30 per cent to US$10.6 billion.

Major US export categories to the southeastern country include electrical machinery, machinery, aircraft, optical and medical instruments, and vehicles.

"We have a very strong relationship right now," said Trump.

Thailand will work closely to further strengthen the cooperation between the two countries, said Prayut.

-- BERNAMA