Thailand's Finance Minister and Deputy Prime Minister Pichai Chunhavajira reacts as he leaves the Government House after a cabinet meeting, in Bangkok, Thailand, July 8, 2025. REUTERS/Chalinee Thirasupa
BANGKOK: Thailand's trade talks with the United States are expected to be concluded before Aug 1, and US tariffs on the country are not expected to be as high as 36%, its finance minister said on Tuesday (July 29).
The United States was Thailand's largest export market last year, accounting for 18.3% of total shipments, or US$54.96 billion. Washington has put its deficit with Thailand at $45.6 billion.
