US cuts tariff on Malaysia to 19%
On July 7, Washington announced it would impose a 25 per cent tariff on all Malaysian products entering the country, separate from sectoral tariffs, effective Aug 1 this year – one percentage point higher than what was announced in April.
US President Donald Trump said there would be no tariff if Malaysia, or Malaysian companies, chose to build or manufacture products within the US.
Since April, Malaysia has been negotiating the tariff with Washington, aiming to reduce the earlier 24 per cent rate. The latest round of talks was held on June 18 this year. — BERNAMA
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