The U.S. and Thailand recently concluded a trade agreement, altering tariffs between the two nations. The deal imposes a 19% tariff on goods from Thailand, while eliminating tariffs for 99% of American exports entering Thailand. This new framework is expected to reshape market dynamics and potentially boost Thailand’s competitiveness in global trade. Key aspects include: 1) Thailand eliminated tariffs on nearly all U.S. exports, opening doors for increased market access for American products. 2) The agreement reflects the objectives of both the US and Thailand, aiming for fair trading practices. 3) The agreement will be enforced with penalties for unfair trade practices such as transshipment. The Thai stock exchange saw a positive response to this news, experiencing a 0.79% rise immediately after the announcement.