Shafaq News – Kuala Lumpur
On Sunday, US President Donald Trumprevealed that Washington will finalize trade agreements with Cambodia andMalaysia, along with a critical-minerals partnership with Thailand, as part ofefforts to reduce reliance on China.
Trade tensions between Washingtonand Beijing have escalated since early 2025, after the US widened its exportblacklist on Chinese firms and China responded with rare earth export curbs.
Read more: China to impose fees on US ships in retaliation for American charges
Speaking at the Association ofSoutheast Asian Nations (ASEAN) Summit in Kuala Lumpur, Trump said theagreements aim to expand market access, cut tariffs, and guarantee supplies ofrare earths vital for American manufacturing and defense industries.
Critical minerals such as lithium,nickel, and rare earths are crucial for electric vehicles, batteries, anddefense systems. China currently processes about 70 percent of the world’s rareearths, giving it significant leverage over global supply chains.
Read more: Trump: China holding world captive
The visit is Trump’s first majortrip to the region since returning to office and precedes his meeting withChinese President Xi Jinping in South Korea later this week.
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