The US Section 301 tariff on Thai exports is currently 12.5%, versus 10% for Cambodia, Indonesia and Malaysia, so Thai exporters carry about 2.5 points more tax. A ministry spokesperson said on 7 Sept 2026 that the talks are not yet concluded and the final rate is still pending, even though a ruling-party page had claimed a closed deal at 19%. Former deputy minister Worawong says the government has not explained the gap. For exporters to the US, keep pricing on the 12.5% rate and avoid locking in long contracts on the assumption a lower rate is coming. Watch for an official final rate from the Commerce Ministry.