Bloomberg reports Thailand plans to tell Washington that higher US import tariffs could force it to scale back military cooperation, including the Cobra Gold exercise, in the trade talks resuming late August. The US currently applies 12.5% under Section 301 on most Thai exports, and the government is trying to keep tariffs at or below 19%. Thailand also pledged to speed up a ban on goods made with forced labour. For exporters, the talks' outcome sets the tariff rate you face, so watch the late-August round and the forced-labour import law.