The United States has reached trade deals with four Southeast Asian countries addressing critical rare earth minerals and broader trade imbalances.
President Donald Trump, while in Kuala Lumpur, Malaysia, for a trade summit with the Association of Southeast Asian Nations, signed agreements with Malaysia and Cambodia, as well as a framework agreement with Thailand that commits both to working on trade issues.
Under the deals, all three countries would be subject to a continued U.S. tariff rate of 19 percent, although some goods are exempted.
The White House previously announced a similar deal with Vietnam, which will see a 20 percent tariff levied on its exports to the United States….
US Announces 4 New Deals on Trade, Rare Earths in Southeast Asia
