It was, as everyone knew it would be, all about US President Donald Trump. He literally towered over everyone else at the ceremony in Kuala Lumpur where Cambodia and Thailand signed their agreement. He gave the longest speech - and made the biggest claims.

It was all superlatives. This is a momentous day for South East Asia, Trump said. A monumental step. Describing the two slightly sheepish-looking prime ministers who were about to sign the deal as historic figures, Trump recalled at length how he got involved in the Thai-Cambodian border conflict while he was visiting his Turnberry golf course in Scotland in July.

He asserted that this engagement was “more important than a round of golf,” emphasizing his role in saving people and countries. Trump insisted it was crucial for him to preside over the ceremony, framing himself as a great peacemaker and taking credit for ending multiple conflicts during his administration.

However, what does the Kuala Lumpur Peace Accord actually amount to? Both countries had previously signed a ceasefire back in July under similar pressures from the Trump administration. The latest agreement entails the withdrawal of heavy weapons and the establishment of an observer team at the disputed border. It includes a new landmine clearing procedure and a joint taskforce addressing scam proliferation, but leaves historic border differences unresolved.

The Thai Foreign Minister was cautious, refraining from labeling it a peace deal. Instead, he referenced it as a “pathway to peace.” Observers point out that while there are steps forward, the agreement remains minimal for something Trump sought to highlight as significant.

Thailand's concerns underscore the nationalist sentiments within the country, contrasting with Cambodia's more enthusiastic reception of the agreement, reflecting its tendency to internationalize disputes. Despite Trump's diplomatic efforts, regional dynamics are complicated by economic dependencies, especially amid ongoing US-China trade tensions. This uncertainty leaves the future of the Thai-Cambodian relations precarious, showcasing the continuing impact of Trump’s transactional approach on Southeast Asian affairs.