Thailand is preparing more than 40 billion baht ($1.22 billion) in measures to mitigate the impact of U.S. tariffs, a deputy finance minister said on Wednesday. The central bank should also ease monetary policy further,

America is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, Treasury Secretary Scott Bessent said.

President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.

The head of the Thai Chamber of Commerce believes Thailand will finalise a tariff deal with the United States prior to next week’s deadline.

US stocks closed little changed despite Trump's tough tariff talk. Copper climbs to record high after Trump threatens to slap 50% levy on imports.

As the end of the pause of what US President Donald Trump calls "reciprocal" tariffs is looming, businesses in Thailand are bracing for it. If the pause ends, Thailand will be slapped with 36 percent levies as Trump initially announced.

The Philippines will hold further negotiations with the United States after President Donald Trump increased the planned tariff rate to 20% from 17%, said Manila’s ambassador to the US.