Thailand Says Nearing Deal With US to Lower 36% Export Tariff

Thailand is close to an agreement with the US to lower a threatened 36% tariff on its exports ahead of the Aug. 1 deadline, according to Finance Minister Pichai Chunhavajira, who expects trade talks to conclude within days.

The Southeast Asian nation will submit additional clarifications and final details of its proposalto US trade officials in the coming days, Pichai said Tuesday. A deal is expected to be announced before the new tariff rate takes effect, as Thailand has already provided the Washington with “almost everything” requested.

“We’ve completed more than 90% of the negotiation. Today or tomorrow ...