(1 Aug 2025)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Bangkok, Thailand – 1 August 2025
1. Thailand’s acting Prime Minister Phumtham Wechayachai and Finance Minister Pichai Chunhavajira entering press conference
2. Mid of media
3. Pichai at podium
4. SOUNDBITE (Thai) Pichai Chunhavajira, Thai Finance Minister:
"We brought in all the proposals that we submitted (to the US) last night, which has led to this 19% rate, about the tentative agreement that we have promised. We informed all those things to the Cabinet (today). The Cabinet has acknowledged everything and approved them moments ago."
5. Mid of reporters
6. SOUNDBITE (Thai) Pichai Chunhavajira, Thai Finance Minister:
"After we achieve a broad framework, we will negotiate further based on that framework, which will lead to a contract that will be more detailed in all the topics, which will take a bit more time."
7. Reporter filming
8. Pichai leaving press conference
STORYLINE:
Thailand’s finance minister said on Friday a deal had been agreed with U.S. to lower proposed tariffs on the country to 19%.
Speaking to reporters Pichai Chunhavajira said that the deal was approved by Thailand’s Cabinet on Friday.
The country’s new rate of 19% was reduced from 36% by the U.S., similar to other rates imposed on Southeast Asian nations, such as Vietnam, Cambodia and the Philippines.
Pichai said in a social media post on Friday that the 19% tariff rate imposed by the U.S. "reflects the strong friendship and close partnership" between the two countries.
He said it would "maintain Thailand’s competitiveness on the global stage" and opens the "door to economic growth" but also acknowledged it would pose problems for some sectors of the economy and said that “comprehensive support measures have been prepared."
Pichai told reporters that the deal will still need more time to be hammered out in details.
AP video shot by Tian Macleod Ji and Jerry Harmer
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