Thai Commerce Minister: Thailand will eventually be able to negotiate tariffs with the US

• Thailand will eventually be able to negotiate tariffs with the US, get the most benefits.
• Exports may be bumpy but not bad this year.

Thailand was hit with 36% reciprocal tariffs before Trump paused and lowered them to 10% for 90 days. The underlying market expectations is that the trade war will continue to de-escalate and eventually we will get to trade deals.

This is what keeps the markets pricing in better news in the future probably until we get to the first trade deal. That will be the next key catalyst as markets expectations will be built based on that first deal.

This article was written by Giuseppe Dellamotta at www.forexlive.com.