Malaysia Plays It Cool as US Tariffs Bite, Banking on Deal Before August Deadline
Surge in domestic Investors Reflects Growing Confidence, Says Zafrul
Malaysia will not retaliate against the US’s newly imposed 25% tariff on its exports, Trade Minister Tengku Zafrul Aziz said, adding that negotiations with Washington are ongoing. He remains optimistic about finalising a deal before the August 1 deadline and appreciates the extension granted for talks. Prime Minister Anwar Ibrahim will raise tariff issues with US Secretary of State Marco Rubio during his Malaysia visit.
US Tariffs Bite
Top Quote (Tengku Zafrul)
“We are appreciative that the timeline has been extended to first of August. It gives me a bit more time to refine some of the discussion.”