Thailand faces a critical trade-squeeze between China and the US. Data shows Thailand has a $53.8B deficit with China (2nd highest in ASEAN) and a $75B surplus with the US (2nd highest). Academic analysis warns that surging Chinese imports (especially machinery, electronics, EVs) coupled with US tariff enforcement threatens Thailand's trade balance and industrial structure. The article proposes five strategic interventions: balancing trade, preventing tariff circumvention, conditioning Chinese FDI, diversifying markets, and protecting strategic industries. This is directly actionable for SMEs managing supply chains and export exposure.