KUALA LUMPUR, July 9 — Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz holds a media conference on a 25 per cent tariff imposed by the United States (US) on Malaysian products, at the Menara MITI today.
On Monday, Washington announced that it is imposing a 25 per cent tariff on any and all Malaysian products sent into the country, separate from all sectoral tariffs, effective Aug 1 this year — one per cent higher than what the US had announced in April.
However, US President Donald Trump said that there would be no tariff if Malaysia or Malaysian companies decide to build or manufacture products within the US.
Malaysia has been negotiating to reduce the tariff with Washington since April, with the most recent round held on June 18.
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