Thai Prime Minister Anutin said negotiations on a U.S.-Thailand trade agreement have entered their final stage, and the deal is expected to keep the U.S. reciprocal tariff rate on Thailand at around 19%. According to Sina Finance, Anutin said Thursday in Bangkok that the agreement is undergoing legal review and that he hopes to persuade U.S. President Donald Trump to lower the rate further.
Thailand is seeking a lower tariff rate after making progress on some U.S. demands, including restoring peace with Cambodia and carrying out mine-clearance work. Anutin said Trump had previously indicated that he would try to lower tariffs on Thailand if it achieved those goals. Thailand's Foreign Ministry is seeking to arrange a meeting between Anutin and Trump during an upcoming ASEAN or APEC meeting.