Thailand has submitted a new trade proposal to the United States aimed at averting a threatened 36% tariff on Thai exports set to take effect on August 1. The proposal, led by Finance Minister Pichai Chunhavajira, offers zero tariffs on approximately 90% of U.S. imports, an increase from a previous plan covering over 60%. This move is part of Thailand's efforts to address the trade imbalance and strengthen bilateral trade relations. The Trump administration has indicated openness to reconsidering the 36% tariff if Thailand enhances U.S. market access by lowering tariffs and non-tariff barriers. Thailand remains optimistic about securing a tariff rate comparable to those imposed on other countries in the region. Recent trade discussions between Thailand and the U.S. have been described as productive, with U.S. officials characterizing Thailand's proposals as "very substantial." Thailand aims to finalize the tariff agreement before the August 1 deadline.