Trump will visit Malaysia from Oct 26 to 27 for the Asean Summit.
He will then travel to Japan before attending the Asia-Pacific Economic Cooperation (Apec) summit in South Korea starting Oct 29.
The following are some of the key issues:
Malaysia: agreement on track
Malaysia is expected to finalise a trade deal with Washington during Trump’s visit to Kuala Lumpur, with negotiations “99.9%” complete, according to Prime Minister Anwar Ibrahim.
The governments will sign “initial agreements” to strengthen trade and investment, Anwar said, adding that “semiconductors, AI, digital and energy are all covered”.
Malaysia has been hit by US tariffs of 19% on its exports, and Trump is considering imposing additional tariffs on imported chips.
Malaysia is the world’s sixth-largest exporter of semiconductors, which make up 40% of its exports.
China: Rare earths on the agenda at Xi-Trump meeting?
Chinese vice-premier He Lifeng will travel to Malaysia for trade negotiations with US treasury secretary Scott Bessent before an anticipated meeting between Trump and Xi Jinping in South Korea.
Trump said on Wednesday he hopes to reach a “deal on everything” with Xi, after US-China trade tensions recently escalated.
Beijing announced it would strengthen its controls on the export of rare earth elements, essential manufacturing materials over which it holds a near-monopoly. In response, Trump threatened huge additional tariffs.
Japan: Takaichi’s challenges
Japan’s new prime minister Sanae Takaichi will host Trump in Tokyo.
In exchange for an agreement concluded in July that lowered US-imposed tariffs on Japan, Washington is demanding US$550 billion worth of Japanese investments in the US.
However, Tokyo has promised only 1% to 2% of that would come in the form of direct investments, with the rest made of loans and guarantees, a point of difference that could come up in the talks between the leaders.
Another key topic would likely be Washington’s demands that Tokyo stops importing liquefied natural gas from Russia, the island nation’s third-largest supplier.
Japan is also facing high tariff rates on key exports. Although Trump has reduced tariffs on Japanese automobiles to 15%, this rate is still considered too high by manufacturers, while 50% tariffs remain on Japanese steel.
South Korea: Progress towards an agreement
As Seoul struggles to reach a trade agreement with Washington, US treasury secretary Bessent said last week an agreement was nearing completion.
South Korean chief presidential secretary for policy Kim Yong-beom, has said that both parties have made significant progress, though the details of the deal still need to be settled.
In July, Trump announced he had agreed to reduce tariffs on South Korean products to 15% in exchange for a commitment from Seoul for Korean investment of US$350 billion in the US.
However, the terms of these investments are still being hotly debated and tariffs on automobiles remain.
The arrest of hundreds of South Korean workers by US immigration authorities has also strained relations.
Indonesia: Awaiting clarification
Jakarta and Washington struck a preliminary tariff agreement in July that reduced US tariffs on Indonesian goods to 19% in exchange for significant investment and Indonesia pledging to acquire 50 Boeing aircraft, according to Trump.
Indonesia’s chief economic minister, Airlangga Hartarto, who previously signalled a December deadline for the details of the reciprocal tariff agreement, said on Monday the negotiation had been “temporarily halted” due to the US government shutdown.
Vietnam: Furniture exports under pressure
Vietnam reached an agreement with Washington in July to reduce tariffs on the country’s exports to 20%, but Vietnam still faces a large impact from sector-specific duties.
In mid-October, Washington imposed a 25% tariffs on imports of furniture, which accounts for 10% of Vietnam’s exports to the US.
Hanoi has said it wishes to advance “the negotiation process for the trade deal on the basis of fairness, equality and mutual benefit”.
India: Hope for reconciliation
Indian Prime Minister Narendra Modi is scheduled to participate in the Asean summit via video conference, and New Delhi is yet to reach a formal trade agreement with the Trump administration.
The relationship between the two countries deteriorated in August when Washington raised tariffs on Indian exports to 50%, but the two leaders have since adopted a more conciliatory tone.