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[U.S.-Thailand Reciprocal Trade Framework Agreement Announced, Thailand Eliminates Tariffs on 99% of Goods] The White House website released a 'Joint Statement on the U.S.-Thailand Reciprocal Trade Framework' on October 26. Thailand will eliminate tariff barriers on 99% of goods, covering all U.S. industrial products, food, and agricultural products. The U.S. will maintain a 19% reciprocal tariff on Thai goods, except for items listed in Annex III, which will have zero tariffs. Annex III refers to the list outlined in Executive Order No. 14346 issued by the White House on September 5, titled 'Potential Tariff Adjustments for Partner Countries.'