Malaysia, US Tariffs
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Rubio to meet China's foreign minister in Malaysia
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23hon MSN
China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
Rubio reiterates to Anwar that Malaysia remains an important US partner and Washington is keen to boost cooperation with Asean.
Malaysia's trade ministry on Tuesday said a 25% tariff rate on its exports to the United States was not on top of an existing base tariff of 10% imposed by Washington, clarifying earlier remarks by the country's plantations and commodities minister Johari Abdul Ghani.
The country’s electronics sector may remain relatively insulated, but other industries could be forced to adapt. Read more at straitstimes.com. Read more at straitstimes.com.
Malaysian chip companies are pausing investment and expansion plans as they await clearer guidance on U.S. tariff policies, according to Malaysia Semiconductor Industry Association President Wong Siew Hai.
Malaysian Prime Minister Anwar Ibrahim has warned that global trade is being weaponized as U.S. tariffs loom over Southeast Asia