Following rounds of trade talks with the Trump Administration, the U.S. has now declared an agreement with Thailand, imposing a 19% import tariff on Thai products to the U.S.
The figure was significantly lower than the 36% reciprocal tariff the U.S. President Donald Trump suggested in early April. This will also terminate a baseline tariff of up to 20% that Trump threatens to implement after the deadline on 1 August.
Details of this agreement were not disclosed in the announcement by the White House. The Thai negotiation team is expected to provide further information later today.
Malaysia and Cambodia also received 19% tariffs.
