Malaysia declines retaliation, citing positive tone with U.S. on tariffs.
Speaking at the Reuters NEXT summit in Singapore, Malaysian Trade Minister Tengku Zafrul Aziz emphasized official optimism over ongoing tariff negotiations with the U.S., adding that discussions with USTR continue daily.
While U.S. tariffs on semiconductors and electronics remain a concern, Malaysia affirmed it has “no plans to retaliate for now,” citing the extended August 1 deadline as critical to reaching an agreement . Anwar Ibrahim echoed this approach, promising to raise Malaysia’s concerns with Secretary Rubio during his visit.
Malaysia’s reliance on exports—within a regional bloc worth around $3.8 trillion—highlights the potential damage of sweeping tarriffs. Still, Zafrul expressed confidence that careful negotiation could lead to “win‑win” outcomes.
A central bank rate cut—the first in five years—illustrates how Malaysia is balancing policy to support the economy amid looming external threats.
I’m Adedayo Obadina
Talksocialtalks
