Overview
- In Kuala Lumpur, Trump oversaw an expanded Thailand–Cambodia ceasefire that mandates withdrawal of heavy weaponry, release of 18 Cambodian soldiers and the creation of an observer team.
- The U.S. signed reciprocal trade and critical‑minerals deals with Malaysia and Cambodia and finalized negotiation frameworks with Thailand and Vietnam, leaving roughly 19–20% U.S. tariffs in place but allowing limited exemptions and new compliance terms.
- U.S. and Chinese officials said they reached a preliminary framework featuring a pause on planned tariff escalations, delayed rare‑earth export restrictions and increased Chinese purchases of U.S. farm goods, pending internal approvals.
- Treasury Secretary Scott Bessent said the threatened 100% U.S. tariffs are off the table for now, with Trump set to meet Xi Jinping in South Korea later this week.
- With Trump en route to Japan and then South Korea, ASEAN and other leaders moved to strengthen regional trade ties including RCEP discussions, and the bloc formally welcomed Timor‑Leste as its 11th member.