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Trump strikes deals on trade, critical minerals in Southeast Asia
The agreements aim to diversify critical mineral supply chains and address trade imbalances amid China’s export controls, with U.S.-ASEAN trade totaling $475 billion last year.
- On Sunday, U.S. President Donald Trump signed trade and critical minerals agreements with three Southeast Asian partners in Kuala Lumpur at the ASEAN Summit.
- China's tightened controls and tariff evasion concerns drove Washington to diversify supplies, while Malaysia banned raw rare earth exports but agreed not to restrict shipments to the United States on Sunday.
- The White House said the United States will maintain a tariff rate of 19% on most exports, while Malaysia agreed to provide preferential market access and Thailand pledged to eliminate tariff barriers on approximately 99% of goods, including labour and environmental protections.
- The deals aim to unlock regional resources and rapidly build critical minerals supply chains following an enhanced ceasefire between Thailand and Cambodia, a senior administration official said.
- Negotiators remain hamstrung by fragile handshake deals with Vietnam, Indonesia and the Philippines, while rising Section 232 investigations threaten new tariffs in coming months.
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26 Articles
Trump oversees trade deal flurry on first Asian stop
US President Donald Trump hit the ground running on the first leg of his Asian tour on Sunday, announcing a slew of trade agreements in Malaysia. Within six hours of landing in Kuala Lumpur for the summit of the Association of Southeast Asian Nations, Trump announced trade deals with four countries, met regional leaders and held talks with Brazilian President Luiz Inacio Lula da Silva, who said their teams would immediately start tariff discussi…
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US President Donald Trump signed a agreement with Kuala Lumpur on Sunday with Malaysia to ensure access to the rare minerals of this Asian country, in which China recently announced restrictions...
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Coverage Details
Total News Sources26
Leaning Left5Leaning Right8Center5Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 28%
C 28%
R 44%
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