BANGKOK (Reuters) -Thailand's trade talks with the United States are expected to be concluded before August 1, and U.S. tariffs on the country are not expected to be as high as 36%, its finance minister said on Tuesday.

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.

BANGKOK: Thailand's trade talks with the United States are expected to be concluded before Aug 1, and US tariffs on the country are not expected to be as high as 36%, its finance minister said on Tuesday (July 29).

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

A ceasefire between Thailand and Cambodia held on Monday and military commanders from both sides met to discuss measures to maintain the truce, as some residents along the disputed frontier trickled back home after five days of intense fighting.

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.

SURIN, Thailand (AP) — Thailand and Cambodia traded accusations of fresh attacks Saturday as deadly border clashes entered a third day and President Donald Trump joined a chorus of international voices calling for a ceasefire. The fighting has killed at least 33 people and displaced more than 168,000.

Thailand's trade talks with the United States are expected to be concluded before Aug 1, and US tariffs on the country are not expected to be as high as 36%, Finance Minister Pichai Chunhavajira said on Tuesday.