On July 29, the Government House Newsroom reported that prior to the Cabinet meeting, Deputy Prime Minister and Finance Minister Pichai Chunhavajira, who leads Thailand’s trade negotiation team with the United States (Team Thailand), shared updates on the ongoing negotiations.
Pichai stated that the United States has now opened the door for continued negotiations, allowing Thailand to immediately respond and coordinate. Thailand is fully prepared to move forward, he assured, emphasizing that there are no new proposals and that the primary focus is to clarify and solidify the main agreements.
Negotiations are being conducted through the Office of the United States Trade Representative (USTR), with President Donald Trump reportedly monitoring the process closely. He reiterated that while several issues have already been resolved with only few remains, and emphasized that “acceptable principles remain unchanged.”
When asked about concerns regarding the Thai-Cambodian border situation possibly impacting the negotiations, Pichai acknowledged it as a significant matter. He explained that national security must move in tandem with economic stability, so Thailand’s priority is to ensure outcomes that are in the country’s best interests.
Regarding speculation that the recent bilateral ceasefire negotiations with Cambodia in Malaysia might result in tax benefits from the U.S., Pichai refuted the notion, stating that he does not believe that this will be the case. Thailand’s proposals already include content that benefits both sides and presents an opportunity for Thai entrepreneurs to adapt and enhance their competitiveness.
When questioned if the recent clashes on the border on Tuesday morning would influence talks with the U.S., Pichai said that those assessing the situation would understand that while there is a ceasefire, complete resolution is not immediate, and close monitoring will continue.
On the deadline for tax negotiations set for August 1st, Pichai clarified that Thailand’s task is to present and reach agreements. The announcement of outcomes, however, would be at the discretion of the U.S. administration.
Addressing concerns about whether Thailand would be subject to the 36% Reciprocal Tariffs, Pichai believes that the kingdom will not be levied at 36%. The only remaining question is on the agreement and timing of the announcement—that will be decided in due course.
Pichai further indicated that the U.S. side might announce the results before August 1st, or possibly on August 2nd. He noted that the difference in timing is minimal and expressed confidence that the tax deal is now very close to being finalized.
