Thailand expects the Trump administration to offer it a “very good” trade deal after agreeing to end an armed border conflict with Cambodia under a US-backed peace initiative, its Acting Prime Minister Phumtham Wechayachai said.

Thailand’s military accused Cambodian forces on Wednesday of breaching a ceasefire agreement at three separate locations along the disputed border, warning that continued aggression could compel Thai forces to respond more decisively.

Thailands trade negotiations with the United States are expected to conclude before the August 1 deadline, with tariffs likely to come in lower than the previously feared 36%, Finance Minister Pichai Chunhavajira