Thai Finance Minister Pichai Chunhavajira will visit the US next week for tariff negotiations in an attempt to clinch a trade deal ahead of Washington’s deadline on July 9.

While Pichai didn’t elaborate details of the planned talks, an agreement over an 18% tariff rate reported by some media outlets was “untrue,” the finance chief said in an X post on June 26. He said the level was an “estimate” used by the Bank of Thailand and economists in scenarios for the economy.

Pichai Chunhavajira Photographer: Valeria Mongelli/Bloomberg