US EditionChina Deal Relieves U.S. Businesses, Avoids Structural Trade Issues
Trump secured trade agreements with Thailand, Cambodia, Malaysia, and Vietnam to ease tariffs and boost U.S. access to critical minerals and agricultural markets ahead of a South Korea meeting.
- On Sunday, U.S. President Donald Trump unveiled multiple Asia trade deals to secure critical minerals and agricultural markets before meeting Chinese President Xi Jinping later this week in South Korea.
- China's actions — cutting soybean purchases and tightening rare-earth flows — have angered the U.S. after Beijing cut purchases and restricted mineral exports this month.
- Trade texts show tariff exemptions such as Thailand eliminating barriers on 99% of U.S. goods, Cambodia dropping tariffs on U.S. food imports, and a critical minerals pact with Malaysia.
- Because many accords are framework agreements, analysts caution that framework trade pacts lack detailed terms and may not outlast the summit without specific commitments.
- Looking ahead, the U.S. push for alternative rare-earth production accelerates after an earlier this month agreement with Australia valued at $900 million, as Southeast Asia becomes a larger source of U.S. goods than China.
12 Articles
12 Articles
Trump Unveils Flurry of Asia Trade Deals Ahead of Xi Meeting
(Bloomberg) — US President Donald Trump unveiled a flurry of trade deals during his first day in Asia, looking to shore up access to critical minerals and a market for US agricultural goods ahead of a critical meeting with Chinese President Xi Jinping.
Trump unveils flurry of Asia trade deals ahead of Xi meeting
U.S. President Donald Trump unveiled a flurry of trade deals during his first day in Asia, looking to shore up access to critical minerals and a market for U.S. agricultural goods ahead of a critical meeting with Chinese President Xi Jinping. “...
The U.S. president is on Asian tour for six days starting with Malaysia. He is then expected in Japan and South Korea. A trip that also includes a meeting with Chinese President Xi Jinping in South Korea. A crucial meeting for trade relations between the two countries, but also for the U.S. economy.
US President Donald Trump signed a series of trade agreements with Asian countries on Sunday in Malaysia, hoping to do the same with his Chinese counterpart Xi Jinping at a crucial meeting for the world economy, AFP reports.
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