Thailand's economy stands to gain from any U.S.-China trade war, Thai Commerce Minister Pichai Naripthaphan said on Thursday, adding the Southeast Asian country had good relations with both nations and would not need to take sides in a dispute.

Donald Trump is preparing to implement the most extensive tariffs in a century, and some of these tariffs are intended to serve as bargaining chips in trade negotiations, writes "The Washington Post." The newspaper adds that the introduction of a universal basic tariff is unlikely.