Thailand reported its first trade deficit since April 2015 in July. Import growth exceed the export expansion for a sixth straight month, while the export increase was lower than economists’ expectations. The main culprit for slower export growth was a slowdown in electronics (9% higher than a year earlier from 19% in June) and electrical goods (6% from 12%). Exports are also increasingly reliant on agriculture – rice shipments nearly doubled – which can be more volatile. Exports of electricals also face regulatory risks in the U.S., where washing machines, shipments of which climbed 23-...