Commerce Minister Supajee Suthammarpan says Thailand and the USTR have agreed the framework for a reciprocal trade agreement (ART) and are now checking the wording. The aim is to announce results before the US publishes its preliminary Section 301 finding on structural excess capacity, expected soon. The goal is to keep US tariffs within the rate agreed last year. For exporters to the US, the tariff rate is not final until the deal is signed, so keep export pricing and US orders flexible for now and watch for the announcement.
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