Thailand expects the Trump administration to offer it a “very good” trade deal after agreeing to end an armed border conflict with Cambodia under a US-backed peace initiative, its Acting Prime Minister Phumtham Wechayachai said.

A ceasefire between Thailand and Cambodia appeared shaky but remained in place Tuesday as tensions lingered despite a truce agreement to end deadly border clashes following economic pressure from the U.

Thailands trade negotiations with the United States are expected to conclude before the August 1 deadline, with tariffs likely to come in lower than the previously feared 36%, Finance Minister Pichai Chunhavajira