US Tariff Talks With Thailand, Bangladesh Continue

Thailand has submitted a revised trade proposal to the United States, offering zero tariffs on many US imports to avoid a possible 36% tariff hike on Thai exports, which would replace the current 10% rate if no deal is reached by July 9. The US Trade Representative's office described discussions with Thailand as constructive, but no final agreement has been made, and further negotiations are expected. Bangladesh also recently held high-level trade talks with the US, seeking to reduce tariffs raised during the Trump administration, but key issues such as rules of origin and tariff reciprocity remain unresolved. Both Thailand and Bangladesh are offering reciprocal tariff reductions to secure continued access to the US market and avert substantial new tariffs. Follow-up meetings are scheduled for both countries ahead of the July 9 deadline. The outcomes of these negotiations could significantly impact trade relations between the US, Thailand, and Bangladesh.