Trump is seeking benefits for the United States during the Asian tour. What the media is writing
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- Trump is seeking benefits for the United States during the Asian tour. What the media is writing
The foreign press summarizes the first interim results of the Asian tour of US President Donald Trump. The deals concluded with Malaysia, Cambodia, Vietnam, and Thailand are clearly more beneficial to the United States than to Asian countries, and there are already concerns that unfair conditions may prompt Southeast Asian countries to strengthen cooperation with China. What the foreign media write about this is in the Izvestia article.
Bloomberg: The United States makes unequal deals with partners in Southeast Asia
US President Donald Trump presented trade agreements with Malaysia and Cambodia, and outlined the framework of deals with Thailand and Vietnam, which provide the United States with a number of obvious advantages, such as the removal of many tariff and non-tariff barriers to American exports. At the same time, the benefits for the Southeast Asian countries are not so obvious: they have failed to achieve significant reductions in the duties imposed by Trump, and tariff benefits apply to a limited number of goods.
Bloomberg
In addition to tariff reductions, many trade agreements included commitments to purchase American goods and raw materials, including semiconductors, data center equipment and aerospace products, and equipment from Malaysian firms worth almost $150 billion.
Trade agreements are crucial for the Association of Southeast Asian Nations (ASEAN), which unites 11 countries. Currently, this block is a larger supplier of goods to the United States than China. It is not yet known how the United States will determine goods "overloaded" through another country, which are subject to a punitive duty of 40%: the criteria are unclear, and it remains questionable whether this duty will be combined with existing ones. But Cambodia's Deputy Prime Minister, Sun Changthol, said the country was pleased with the deal, although he hoped for exemption from customs duties on clothing and footwear, which account for about 50% of exports.
The Japan Times: the first meeting between Takaichi and Trump marks the "golden age" of the alliance
Japanese Prime Minister Sanae Takaichi concluded her first high-level talks with US President Donald Trump in Tokyo on Tuesday, during which she promised to create a "new golden age" for the alliance of the two countries. The meeting was a test of the diplomatic abilities of Japan's new leader, who seeks to take the Japan-US alliance to a new level and at the same time prevent growing US pressure to increase defense spending.
The Japan Times
Continuing to follow Abe's strategy, Takaichi also informed the American side that she was nominating Trump for the Nobel Peace Prize for his mediation efforts in conflict resolution, White House spokeswoman Caroline Leavitt said. There were early signs that Takaichi's approach would bear fruit.
Trump praised Takaichi's election as Japan's first female leader. Perhaps more importantly for Takaichi, the US leader expressed understanding of Japan's decision to strengthen its defense capabilities, despite the fact that his administration is pushing Tokyo to do even more. Among other things, the parties announced a framework agreement on rare earth metals.
Reuters: The United States and Japan have signed an agreement on the supply of rare earth metals
U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi signed a framework agreement on Tuesday to secure supplies of rare earths, as the two countries seek to reduce China's dominance in the market for some key electronic components. China was not mentioned publicly during the leaders' meeting, but this country controls 90% of the processing of rare earth metals, and at Trump's meeting with Chinese President Xi Jinping on Thursday, the suspension of the increase in US duties and control over exports of rare earth metals from China will be discussed.
Reuters
The White House said Japan and the United States will use economic policy tools and coordinated investments to accelerate "the development of diversified, liquid and fair markets for critical minerals and rare earths," and intend to provide financial support for selected projects over the next six months.
The statement also said the two countries would consider entering into a complementary stockpile agreement and would work with other international partners to ensure supply chain security. Japan has promised to invest $550 billion in the U.S. economy as part of an expanded bilateral trade agreement that could include the production of electricity and liquefied natural gas, sources familiar with the negotiations said.
New York Times: China wants to persuade Trump to reduce support for Taiwan
Chinese Leader Xi Jinping will discuss with US President Donald Trump not only trade tensions, but also the reduction of American support for Taiwan. Trump has said he wants to focus on trade. Earlier this year, the State Department changed a web page about Taiwan, removing the phrase "We do not support Taiwan's independence," which provoked loud objections from China.
New York Times
Taiwan depends on American political and military support, so any statements by the American president that could be seen as weakening Washington's support for the island could be used by Beijing in an attempt to determine the terms of future negotiations. If Trump had declared that the United States "opposes" Taiwan's independence, it would have been a more significant victory for Beijing.
Since Trump took office, his administration has reduced contacts with Taiwan, which China strongly objected to. Washington refused to allow Taiwan's chief of staff Lai Ching-te to make an interim visit to New York. According to the Financial Times, negotiations between representatives of the Ministry of Defense of Taiwan and the United States were downgraded in status, and the meeting was moved from Washington to Alaska. According to Amanda Xiao, Director of China at Eurasia Group, Beijing is counting on a change in the balance of power that will benefit China.
Financial Times: ASEAN countries seek balance in relations with the United States and China
Within two hours, the United States and members of the Association of Southeast Asian Nations (ASEAN), a bloc of 11 countries, concluded trade agreements and contracts for the supply of essential minerals. ASEAN countries have one of the fastest growing middle classes, and by 2030 this organization may become the fourth largest economy in the world. US President Donald Trump has stated that the United States intends to remain a partner of Southeast Asian countries for many generations, but it is ASEAN that has suffered the most from the imposition of trade duties and cuts in foreign aid.
Financial Times
Often overshadowed by its larger neighbors in the region, Southeast Asia has become one of the most important regions in global production and supply chains for essential goods, from semiconductors and electric vehicles to petrochemicals and pharmaceuticals, many of which end up in the United States.
After decades of trying to balance between China and the United States, it has become more difficult than ever for many Southeast Asian countries to maintain relations with both superpowers, which are increasingly moving away from each other. Washington initially viewed ASEAN as a key tool to limit China's influence, but Trump's reciprocal tariff regime threatens to sever these close trade and business ties. Southeast Asia has been hardest hit by the proposed tariffs, with Vietnam and Cambodia facing 46% and 49% tariff increases, despite both countries being key suppliers of shoes and clothing to the United States.
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