WASHINGTON, DC – The White House and Commerce Secretary Howard Lutnick announced trade agreements with Thailand and Cambodia on July 30, following a ceasefire between the two countries. The deals reportedly reduce or delay tariffs tied to an August 1 deadline, sparing agriculture exports from steep reciprocal duties.
In Thailand’s case, ongoing negotiations anticipate U.S. tariffs aligning with regional peers rather than a 36% penalty. Thailand has also agreed to import more U.S. corn to reduce feed costs, which may increase exports of U.S. grain. Cambodia is expected to receive reciprocal tariff relief as well, though final terms are still pending formal documentation.
For U.S. producers, opening or stabilizing trade channels with Southeast Asian markets supports exports of corn, soymeal, ethanol, and feed grains. Improved trade relations add momentum to regional ag demand and ease uncertainty for ranchers and processors seeking new outlets.