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US Announces Trade Deals with Thailand and Cambodia After Ceasefire

Tariff rates were not publicly disclosed, leaving Bangkok and Phnom Penh without formal confirmations.

Cambodia's Deputy Prime Minister Sun Chanthol speaks during an interview with Reuters in Phnom Penh, Cambodia, May 6, 2024. REUTERS/Chan Tha Lach/File Photo
The new rates were unveiled alongside Trump’s announcement that the US will keep minimum global tariff rates at 10%,
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Overview

  • Commerce Secretary Howard Lutnick said on Fox News that the US had struck trade agreements with Thailand and Cambodia following a Trump-brokered ceasefire in late July.
  • President Trump had threatened to halt trade talks until the two nations agreed to end deadly border clashes, using tariff leverage to secure the truce.
  • Lutnick did not specify any tariff rates or market-access terms during his interview, and the White House has not provided further details.
  • Thailand’s finance minister expects formal confirmation of the deal’s tariff rates within 24 hours, while a senior Cambodian negotiator says he has not been informed of any finalized terms.
  • These pacts extend the administration’s broader 90-day reciprocal-tariff strategy, which has already yielded interim deals with the UK, South Korea and Vietnam before an August 1 deadline.