CP Group tycoon warns US Treasurys selloff could weaken America's status

Thai billionaire Dhanin Chearavanont says Trump's 'reciprocal' tariffs won't last

20250509 CP Group advisory chairman Dhanin Chearavanont  main

During an interview with Nikkei Asia on May 9 in Tokyo, Dhanin Chearavanont wondered who would buy U.S. Treasurys if Donald Trump persists with his "reciprocal" policies. (Photo by Yuki Kohara)

CK TAN

TOKYO -- Thailand's richest man and advisory chairman of the CP Group warned that Washington risks losing its global leadership position if countries pull back from investing in U.S. Treasurys amid sweeping tariffs imposed by President Donald Trump.

Speaking to Nikkei Asia in Tokyo on Friday, the 86-year-old Dhanin Chearavanont said the trade war has had "little" impact on his agrifood conglomerate, which adopts a produce-and-sell-locally strategy while importing around 80% of its production machinery from Japan.

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