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US strikes trade deals with Thailand, Cambodia after ceasefire
short by / on Thursday, 31 July, 2025
Commerce Secretary Howard Lutnick said the US struck trade deals with Thailand and Cambodia following a ceasefire amid their border conflict. Both nations faced a looming 36% tariff rate from August 1. While no details were disclosed, Thailand expects a rate near 18-20%. Cambodia's Deputy Prime Minister said he was unaware of a finalised agreement.
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