Trump finalizes trade deals with 2 Southeast Asian countries

By Doug Palmer, Ari Hawkins | 10/27/2025 12:05 PM EDT

The news came as President Donald Trump was in Malaysia for a regional leaders summit, and just days before Trump is set to meet with Chinese President Xi Jinping.

President Donald Trump, centre left, poses with other leaders during the ASEAN US Summit in Kuala Lumpur, Malaysia, Sunday, Oct. 26, 2025. (AP Photo/Vincent Thian, Pool)

The two final deals and two framework agreements announced Sunday cover about 68 percent of approximately $475 billion in U.S. two-way trade with the 10 members of the Association of Southeast Asian Nations. Vincent Thian/AP

The United States announced finalized trade deals Sunday with two Southeast Asian nations — Cambodia and Malaysia — that contain provisions aimed against China, and further progress with two others in the region, Thailand and Vietnam.

The news came as President Donald Trump was in Malaysia for a regional leaders summit, and just days before Trump is set to meet with Chinese President Xi Jinping.

The fast-growing Southeast Asia region is a crucial trading partner for both China and the United States and is caught in the middle of trade tensions between the world’s two largest economies — as evidenced by some terms of the new pacts.

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“The United States is for you, committed to a free and open and thriving Indo-Pacific,” Trump said during a signing ceremony, adding that the purpose of his trip is a “mission of friendship and goodwill” and to deepen economic and security ties with the region.

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