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Malaysia In Active Talks With US, Aims To Secure Tariff Below 20 Pct

Malaysia In Active Talks With US, Aims To Secure Tariff Below 20 Pct

Barnama24-07-2025
PETALING JAYA, July 24 (Bernama) -- Malaysia is actively engaging in discussions with the United States (US) over the impending 25 per cent tariffs set to take effect on Aug 1, aiming to secure a tariff rate below the 20 per cent level, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said an announcement is expected once the terms are finalised.
'Discussions are ongoing. In fact, negotiations are continuing this week, so we remain on track to meet the deadline. Once the terms are agreed upon, I believe an announcement will be made,' he told reporters at the ASEAN Semiconductor Summit (ASEMIS) 2025.
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