Investment, Trade and Industry Minister Tengku Zafrul highlighted that Malaysia’s import tariff for US goods averages 5.6%, not the claimed 47%. He emphasized cautious optimism amid new US tariffs on Malaysian exports, strategic diplomatic engagement, and domestic safeguards to protect industries. The Ministry aims to secure exemptions and maintain open trade corridors.
Malaysian tariffs to America only 5.6%
Netizens add that with Trump’s unstable ruling, this could mean the actual bankruptcy of the United States. Many feel that America will be the new Soviet Russia where the rest of the world will move on, and they’ll simply be isolated from the rest.
Others mocked Trump’s intelligence saying that a trade deficit and a tariff are two very different things. They add that a country as big as the United States will always have a deficit with a smaller country like Malaysia as the population and wealth difference is big.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
