U.S. Strikes New Trade Deals with Cambodia and Thailand Ahead of Tariff Deadline

The United States has reached new trade agreements with Cambodia and Thailand, just days before President Donald Trump's August 1 tariff deadline. This development was confirmed by U.S. Commerce Secretary Howard Lutnick during an interview with Fox News' Sean Hannity on Wednesday.

Lutnick expressed astonishment at the progress, highlighting the role of trade negotiations in the administration's strategy. He mentioned that Trump was actively engaged in conversations over the weekend, leading to the positive outcome.

Despite the announcement of the deals, Lutnick did not disclose specific details about the agreements. This move is seen as a strategic step to avert potential tariff conflicts and maintain friendly economic ties in the region.

(With inputs from agencies.)