Also how does Hong Kong figure in this - Malaysia supported Hong Kong’s accession to RCEP in April. Does that count as an “agreement with a country that jeopardizes essential U.S. interests”?

Didn’t mention in post - but while China’s CPTPP accession has no chance at present, the US-Malaysia deal adds another obstacle. Canada, Mexico and now Malaysia all have poison pill deals with US, plus Malaysia obliged to consult re digital trade. Takes some pressure off US allies in CPTPP

EU's language also doesn't explicitly refer to "content" being included - potential wiggle room?