KUALA LUMPUR: Malaysia will spend up to US$150bil in the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace and data centre sectors, part of a deal with Washington to cut tariffs, its trade minister said on Monday. The United States announced last week that it would impose a 19% tariff on...
PETALING JAYA: The reduction in the United States' reciprocal tariff rate from 25% to 19% on Malaysian goods is a significant achievement and displays Malaysia's thorough and methodical negotiating process and strong inter-agency coordination, says Tengku Datuk Seri Zafrul Abdul Aziz. The Investment, Trade and Industry Ministry said the reduced rate was a result of sustained...
MANILA (SCMP): A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a “significant achievement” has been slammed by critics at home as the “worst insult” after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access. Marcos, the first South-East Asian leader to be hosted by...
AUSTIN: It’s no easy feat to catch Washington’s formidable trade lobbies and relentless, scoop-hungry journalists off guard. Yet on Tuesday (July 22), US President Donald Trump managed to do exactly that. On a day when experts and analysts were poised to dissect a potential deal with the Philippines, awaited after President Ferdinand Marcos Jr’s visit to the...
SINGAPORE: The trade deal announced on Tuesday (July 15) lowering US tariffs on Indonesian goods is seen by some as a diplomatic win for President Prabowo Subianto, though others warn that he may have overpromised and burdened Indonesia with costly commitments. US President Donald Trump broke the news on his Truth Social platform, saying that he...
Chip firms in Malaysia are holding back on investment and expansion as they await clarity on tariffs from the US, according to Malaysia Semiconductor Industry Association President Datuk Seri Wong Siew Hai. The companies are hoping that the US government would continue to exempt semiconductors from tariffs beyond Aug. 1, the deadline for higher levies announced...
WASHINGTON: US Secretary of State Marco Rubio (pic) will make his first trip to Asia since taking up his post, traveling this week to Malaysia for meetings with Asean allies, his office said Monday (July 7). The trip, starting Tuesday (July 8), will see Rubio, who is also President Donald Trump's national security advisor, focus on...
WASHINGTON: US Secretary of State Marco Rubio (pic) will make his first trip to Asia since taking up his post, traveling this week to Malaysia for meetings with Asean allies, his office said Monday (July 7). The trip, starting Tuesday (July 8), will see Rubio, who is also President Donald Trump's national security advisor, focus on...
PETALING JAYA: Malaysia is committed to continuing its engagement with the United States to achieve a balanced, comprehensive and mutually beneficial trade agreement, says the Investment, Trade and Industry Ministry (Miti). In a statement on Tuesday (July 8), Miti said it would continue discussions with its US counterparts in good faith to address outstanding issues, clarify...
KUALA LUMPUR: Ongoing negotiations with the US over its unilateral tariffs are going very well, says Datuk Seri Anwar Ibrahim (pic). The Prime Minister said this was conveyed by Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz and Finance Minister II Datuk Seri Amir Hamzah Azizan, who are both currently in Washington...
