Malaysia Refutes US Claim on Tariffs, Doesn’t Expect Recession

The actual tariff rate imposed by Malaysia on US exports is only 5.6 percent, the trade minister explained.

Malaysia Refutes US Claim on Tariffs, Doesn’t Expect Recession

Malaysia denied a US claim that it imposes a tariff of 47% on American imports and said it will continue to engage with Washington to find a fair solution to trade issues.

Govt refutes US claim of 47pct tariff on American goods

KUALA LUMPUR: The government has denied a claim by the United States (US) that Malaysia has imposed a 47 per cent tariff on US imports.  © New Straits Times Press (M) Bhd

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Malaysia hits back at flawed US tariff claims, but PM says no recession expected despite tough road ahead for industries

Prime Minister Datuk Seri Anwar Ibrahim assured that Malaysia will not face a recession despite new US tariffs, citing strong macroeconomic fundamentals and no plans for retaliatory measures. He criticised the US tariffs as discriminatory and contrary to WTO principles, warning of long-term challenges for key Malaysian industries including textiles, rubber and plastics. Malaysia also disputes the US claim of a 47 per cent tariff on its imports…

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THE United States of America sent shockwaves across the globe after the country made its much-awaited announcement on reciprocal tariffs last Thursday (April 3).   Malaysia, sharing close trade ties with the USA, will be hit with a 24% tariff effective April 9.   A baseline of 10% will apply to all goods entering the...