Trump Brokers Thailand-Cambodia Peace Deal, Secures Asian Trade Deals; Bessent Says US, China Reach Trade “Framework”

News Snapshot:

President Trump kicked off his Asia tour by not only signing trade deals across Southeast Asia but also formalizing a ceasefire deal between Thailand and Cambodia. Meanwhile, U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with China's top trade team on the sidelines of the ASEAN summit in Kuala Lumpur. Those trade talks produced what Bessent called a "successful framework" that would avert a planned 100% U.S. tariff on Chinese goods and set the stage for Trump's meeting with President Xi Jinping next week, where a broader trade agreement may be finalized. Crypto markets welcomed the new...