Thaksin Shares Insights on Trump’s Inauguration and Global Economic Shifts

National —

At 1:00 PM on January 20th, 2025, in Maha Sarakham Province, former Thai PM Thaksin Shinawatra discussed the global implications of Donald Trump’s inauguration as the 47th U.S. President.

Read about Donald J. Trump was officially sworn in as the 47th President of the United States.

He outlined two key changes likely to affect the world: Increased tariffs on nations with trade surpluses and the regulation of cryptocurrencies.

Thaksin emphasized that while Thailand has long-standing ties with the U.S., it must negotiate carefully to avoid significant trade disruptions. Regarding crypto, he noted Thailand’s preparedness, including updated Securities and Exchange Commission (SEC) rules allowing insurers to hold low-risk, asset-backed cryptocurrencies.

Thaksin affirmed that reducing risks in digital asset adoption would enhance public understanding and acceptance.

Trump’s recent launch of the “$TRUMP” meme coin drew attention, initially skyrocketing from $10 to $70 before a sharp decline.

The coin’s volatility reflects broader risks in the crypto market, with Thaksin warning investors to remain cautious. Meanwhile, he highlighted stablecoins as a tool for injecting money into economies, urging Thailand to expand its economic base to achieve sustainable growth.

This article originally appeared on our sister website The Pattaya News.

Subscribe
Kittisak Phalaharn
Kittisak has a passion for outgoings no matter how tough it will be, he will travel with an adventurous style. As for his interests in fantasy, detective genres in novels and sports science books are parts of his soul. He works for Pattaya News as the latest writer.