Strategically vital region described as remaining on front lines of great-power competition with no easy path forward.

During a whirlwind visit last month to Kuala Lumpur, US President Donald Trump oversaw a peace accord between Thailand and Cambodia and secured trade and critical minerals agreements with those two countries as well as with Malaysia and Vietnam. At the same time, US and Chinese negotiators met in the Malaysian capital, addressing trade disputes to pave the way for Trump’s summit with Chinese leader Xi Jinping in Busan last week. The talks yielded progress on tariffs and rare earth exports. For…

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