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Thailand, Cambodia reach trade deals with US after ceasefire: Lutnick

UNITED STATES, JUL 31 – The United States secured trade agreements with Thailand and Cambodia after a ceasefire halted border clashes, averting 36% tariffs set to begin August 1, officials said.

  • On July 30, US Commerce Secretary Howard Lutnick said the United States reached trade deals with Cambodia and Thailand before the August 1 tariff deadline.
  • According to The Hill, President Donald Trump warned that trade deals with Thailand and Cambodia would not proceed if bloodshed continued, and the ceasefire on Monday followed his warning.
  • However, a senior Cambodian official said he was not aware of any agreement, despite Thailand pledging to scrap tariffs on 90% of its goods.
  • Following the deal, repaired homes and public infrastructure are expected to generate short-term jobs and spending, and Thai energy and chemical stocks have shown gains.
  • Looking ahead, analysts expect the US to impose tariffs between 19% and 20%, while Thailand hopes for a final levy between 18% and 20% in line with regional neighbours.
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The U.S. government reduced import tariffs from Cambodia, Malaysia and Thailand to 19 percent, which will enter into force as of August 7 instead of Friday, the White House reported in an executive order.These three countries, with highly export-focused economies and which have the U.S. as one of the main destinations for their products, rushed the hours to negotiate with Washington a pact that would help reduce previously announced fees.

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Bloomberg broke the news in United States on Thursday, July 31, 2025.
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