The Thai-US Agreement on Reciprocal Trade (ART) is in its final stage, with most key issues settled and only wording and details left. Thailand's target is to hold the US tariff at 19% and stay no higher than regional competitors. No date is set yet for a leaders' meeting, and the USTR's Section 301 process, which covers labour enforcement and excess capacity, could change the tariff structure for Thai goods. Exporters to the US should keep their pricing and order plans flexible until the final terms are published.