Cambodia and Thailand signed trade deals ahead of Trump’s August 1 tariff deadline, shortly after agreeing to a ceasefire following deadly border clashes.
00:00Cambodia and Thailand also joined the growing list of countries striking trade deals ahead of US President Donald Trump's August 1st tariff deadline.
00:10Now the announcement comes just days after the two nations agreed to a ceasefire following deadly border clashes.
00:18In an interview with Fox News on Wednesday, US Commerce Secretary Howard Latnik shared few details but said he was surprised by how quickly the deal came together.
00:27The White House and Commerce Department have yet to comment further.
00:31Thailand and Cambodia currently face a 36% tariff on exports to the US starting August 1st.
00:37Thailand expects to receive final trade deal within 24 hours with Finance Minister Pichai Chun Havajira saying they are working the last few details.
00:47Thailand hopes to secure a final rate between 18% and 20%, similar to its neighbours.
00:52Bangkok had proposed greater US market access, promising to drop tariffs on 90% of its product and cut its 46 billion USD trade surplus by 70% in 3 years.
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