It is expected that both countries might agree on tariffs as low as 10%.

Thailand held trade talks with the US on 18 June 2025 and will submit a proposal on Friday, 20 June 2025, because possible tariffs on its exports to the US have lowered industrial sentiment to an eight-month low.

Washington has threatened a 36% tariff on Thai imports if no reduction is negotiated before the 90-day pause, which caps tariffs at 10%, which ends for most nations on 9 July 2025.

Permanent-Secretary Vuttikrai Leewiraphan reported that discussions with the United States Trade Representative (USTR) lasted two hours in the morning. He stated that the US emphasised five key issues: tariffs and quotas, non-tariff barriers, digital trade, the origin of goods, and the intersection of economics and security.

“On Friday, Thailand will submit an initial proposal to address these issues that includes reducing tariffs, purchasing more US goods and increasing investments,” Vuttikrai said.

“We hope export growth will exceed 10% this year,” Commerce Minister Pichai Naripthaphan told a press conference. 

Thailand plans to boost imports of American energy products like crude oil, LNG, and ethane, along with aircraft parts, military equipment, and agricultural goods such as maize, soybeans, and beef.

According to Vuttikrai, Thailand’s proposal is likely to attract the attention of the US and negotiations are expected to extend beyond the 90-day timeframe if no agreement is reached.

On Monday, 16 June 2025, Pichai expressed confidence that both nations could reach favourable terms on tariffs, potentially lowering them to as little as 10%.

Last year, the United States was Thailand’s largest export market, accounting for 18.3% of total shipments valued at USD 55 billion. Meanwhile, Washington reported a trade deficit with Thailand of USD 45.6 billion.

On 2 April 2025, US President Donald Trump signed an executive order imposing a 10% baseline tariff on imports from all countries, including Thailand, which was expected to take effect on 9 April 2025.

However,  Trump extended the reciprocal tariffs deadline by 90 days, initially set for 9 April 2025, except for tariffs imposed on China.