Thailand's trade talks with the United States are expected to be concluded before August 1, and U.S. tariffs on the country are not expected to be as high as 36%, its finance minister said on Tuesday.

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.

Thai and Cambodian leaders are meeting in Malaysia in an urgent effort to resolve deadly border clashes that entered a fifth day despite mounting international calls for peace.

The Thai army said in a statement that Cambodia had conducted attacks at multiple locations early on Tuesday in violation of the ceasefire and Thailand had retaliated proportionately in self defence.