Economy

Thailand and US Set to Revive Trade Negotiations Amid Tariff Dispute

Thailand-US Trade Talks to Resume

Acting Prime Minister Phumtham Wechayachai of Thailand revealed a pivotal phone discussion with US President Donald Trump, signaling the restart of trade negotiations between the two nations. This development follows a recent ceasefire agreement with Cambodia, marking a significant step towards regional stability.

Tariff Negotiations Take Center Stage

The Thai government has made it clear that it will not concede to a 0% tariff on all US imports, a stance that has prompted the US to consider imposing a hefty 36% tariff rate. These negotiations are critical as both countries seek to balance economic interests with fair trade practices.

Ceasefire Agreement with Cambodia

In a related development, Prime Minister Wechayachai and Cambodia's Prime Minister Hun Manet have agreed to an immediate ceasefire after intense clashes resulted in significant casualties. This agreement underscores the importance of diplomacy in resolving regional conflicts.