Malaysia is seeking to reduce looming US tariffs from 25% to 20% while resisting demands that touch on key domestic policies. Negotiations with the Trump administration have progressed on tech issues, but Malaysia rejected extending special EV tax breaks for US firms and resisted pressure to relax foreign ownership limits in finance and energy.
Malaysia Resists U.S. Tariff Pressure to Protect Domestic Policies
The government also declined to cut fishing subsidies, fearing backlash from rural voters. Prime Minister Anwar Ibrahim emphasized Malaysia won’t compromise on core national policies, including ethnic affirmative action. Trade Minister Tengku Zafrul reiterated that any agreement must protect Malaysia’s long-term economic interests and sovereignty.
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