World leaders want to build economical and trade ties after Trump leaves ASEAN Summit

World leaders gathered in Malaysia on Monday will discuss ways to strengthen economical and trade ties in the face of the upcoming customs duties The US, after president Donald Trump left the summit of Southeast Asian states to proceed his journey across the region.

During his first visit to Asia, Trump oversaw the signing of an extended ceasefire agreement between Cambodia and Thailand on Sunday and 4 regional trade agreements. None of these framework agreements led to a simplification in advanced US tariffs for Cambodia, Malaysia, Thailand and Vietnam," said the White House, but left area for any exceptions.

"Our message to the countries of Southeast Asia is that the United States is 1 100 percent in support of you and we intend to be a strong partner for many generations," Trump said on the day the US and China negotiators agreed to halt customs in the trade war. While Trump and Secretary of State Marco Rubio are flying to Japan, China's top officials and leaders of Brazil, Canada, the European Council and ASEAN's 11-person block will work to strengthen economical partnerships and make trade pacts.

Chinese officials are expected to push for commercial multilateralism and strive to strengthen regional relations, while another American officials will besides participate after Rubia leaves. The plans besides include a summit of the China-supported Regional Comprehensive economical Partnership, which is attended by 10 ASEAN associate States and Australia, Japan, fresh Zealand and South Korea.

RECP is the largest trading block in the world, which generates around 30% of global gross home product. any analysts consider it a possible buffer against American duties.

EU-CHINA MEETING

European Council president Antonio Costa met with China's Prime Minister Li Qiang and said he expressed his deep concern about Beijing's expansion of export controls on critical natural materials. "I insisted that he reconstruct the smooth, reliable and predictable supply chains as shortly as possible," Costa said after the meeting, adding that he besides asked China to aid with the efforts to end Russia's war in Ukraine.

Magnets and uncommon earth minerals became the main point of dispute in Beijing's trade war with Washington. China uses control over 90% of the world's supplies as a force tool in the fight against American duties.

Brazilian president Luiz Inacio Lula da Silva said that his gathering with Trump on Sunday "guarantees" a more favourable trade agreement. The United States imposed 50% duties on Brazilian products in retaliation for the conviction of erstwhile president Jair Bolsonaro.

"I told him that it was highly crucial to take account of Brazil's experience as the largest country in South America, a country of the top economical importance which it has as its neighbour almost all of South America," Lula said on Monday, due to the fact that it is widely known. The Association of Southeast Asian Nations (ASEAN) brings together Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, East Timor and Vietnam.