US and China agree framework of trade deal ahead of Trump-Xi meeting

On Sunday, Washington also announced a slew of trade deals with Malaysia and Cambodia and framework agreements with Thailand and Vietnam.
The region, which is heavily dependent on trade with the US, is among the hardest hit by Trump’s tariffs.
The US will keep its tariff rate of up to 20% on each of the countries’ goods, but could carve out exemptions on certain products.
“Our message to the nations of South East Asia is that the United States is with you 100% and we intend to be a strong partner for many generations,” Trump said in Malaysia, the first stop of his week-long Asian tour.
Trump signed agreements involving the trade of critical minerals with Thailand and Malaysia. These expand the US’ access to rare earth elements and other metals beyond China.
Trump also announced framework agreements for the US to trade more goods with Cambodia and Thailand.
The White House and Vietnam announced “unprecedented” trade access between the countries. Vietnam also agreed to buying Boeing jets worth more than $8bn (£6bn) from the US and American agricultural goods.



