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.

A Cambodian government official has sung praise to U.S. President Donald Trump for "bringing about peace" after Thailand and Cambodia agreed to a cease-fire starting at midnight local time on Monday.

The ceasefire agreement brokered in Putrajaya was a win for Malaysia premier Anwar Ibrahim and ASEAN, experts say. With clashes reportedly erupting early Tuesday morning, however, observation teams are urgently needed on the ground.

(Reuters) -U.S. President Donald Trump said on Monday that he had instructed his trade team to resume negotiations on trade with Thailand and Cambodia after the two nations agreed to a ceasefire.

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).

Thailand and Cambodia traded accusations of fresh attacks Saturday as deadly border clashes entered a third day and international pressure mounted for a ceasefire. The fighting has killed at least 33 people and displaced more than 168,

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.

Thailand has accused Cambodia of violating a ceasefire agreement reached on Monday after days of deadly clashes along their disputed border, but negotiations between the two sides will continue.