(Reuters) -The United States and Thailand on Sunday announced a framework for reciprocal trade that would see the U.S. maintain a 19% tariff on Thai products while identifying products where tariffs could potentially be adjusted or cut to zero.
Thailand would in turn eliminate tariff barriers on approximately 99% of goods, covering a full range of U.S. industrial and food and agricultural products, the two countries said in a joint statement issued by the White House.
Thailand is also committed to addressing barriers to U.S. exports, including the acceptance of U.S. made vehicles, the joint statement said.