Trump Unveils Trade Pacts with Southeast Asian Countries
President Donald Trump announced trade agreements with Malaysia and Cambodia during a regional summit in Malaysia.
The pacts include reciprocal tariff arrangements, with the US providing tariff carveouts for certain products not produced domestically in sufficient quantities.
- Malaysia and Cambodia have agreed to the trade pacts.
- Potential deals with Thailand and Vietnam are also being discussed.
Both the Thai and Cambodian pacts keep the U.S. reciprocal tariff in place but say that the U.S. will provide tariff carveouts for certain products from a White House list of goods not produced in the United States in sufficient quantities to supply the domestic market.
Author's summary: Trump announces trade pacts with Malaysia and Cambodia.
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