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Trump signs U.S. trade and minerals deals with Malaysia, Thailand, Cambodia at ASEAN summit to reduce China reliance.
Trump signed trade and critical minerals agreements with Malaysia, Thailand, and Cambodia during the ASEAN summit in Kuala Lumpur.
The deals aim to reduce reliance on Chinese supply chains amid Beijing’s export controls on rare earths.
The U.S. will maintain a 19% tariff on most imports from the three nations, while Thailand will eliminate tariffs on about 99% of U.S. goods.
Malaysia agreed to not impose export bans or quotas on critical minerals or rare earth elements to the U.S., though it did not clarify if this applies to raw or processed materials.
Malaysia also granted preferential market access for U.S. industrial, agricultural, and consumer goods, including pharmaceuticals and cosmetics.
All three countries pledged to uphold labor rights and environmental protections.
The agreements followed a U.S.-brokered ceasefire between Thailand and Cambodia after border clashes.
Trump firma acuerdos de comercio y minerales de Estados Unidos con Malasia, Tailandia y Camboya en la cumbre de la ASEAN para reducir la dependencia de China.