A column citing Michael Froman warns that China's overcapacity and record trade surplus (about US$1.2 trillion in 2025, per the article) are straining world markets. The US and EU are raising tariffs and trade barriers on Chinese goods. For a Thai SME, the practical risk is more trade protection and cheaper Chinese goods flooding markets, which can squeeze pricing and import or export margins. No immediate action is required; watch for tariffs or anti-dumping moves affecting products you buy or sell.