Trump’s tariff shock: Implications for Malaysia

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The story "Trump’s tariff shock: Implications for Malaysia" was covered 20 hours ago by The Star, a news publisher based in Malaysia.

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The Star 20h ago

Trump’s tariff shock: Implications for Malaysia - The Star

Quick Summary:

KUALA LUMPUR: The April 2 tariffs unveiled by United States (US) President Donald Trump have shocked the world and represent a departure from the globalisation policy of previous US administrations.

"If trade deficits are persistent because of tariff and non-tariff policies and fundamentals, then the tariff rate consistent with offsetting these policies and fundamentals is reciprocal and fair,” it said.

The Office of the United States Trade Representative (USTR) itself acknowledges that Malaysia’s average most-favoured nation tariff rate is 5.6 per cent.