Malaysia seeks solution after 25pct US tariff on exports
The Investment, Trade and Industry Ministry (MITI) said it is in active discussions with US counterparts to clarify the scope and implications of the tariff, and to work toward a timely, mutually beneficial resolution.
It added that these ongoing efforts reflect Malaysia's commitment to achieving a fair and sustainable outcome for both sides.
"While we acknowledge the concerns raised by the US regarding trade imbalances and market access, we believe that constructive engagement and dialogue remain the best path forward," MITI said in a statement.
The US is Malaysia's second largest trading partner and largest export destination, with total trade in 2024 rising nearly 30 per cent to RM324.9 billion (US$71.4 billion).
Exports to the US reached RM198.7 billion (US$43.7 billion), while imports rose to RM126.3 billion (US$27.7 billion).
MITI said Malaysia views unilateral measures as potentially disruptive to business operations, supply chains, and investment flows that benefit both countries.
It said the country strongly believes that mutually acceptable solutions will safeguard the interests of both countries, while ensuring that bilateral trade and investment remain a positive force for sustainable economic development.
"The government of Malaysia remains committed to protecting the interests of Malaysian businesses, workers and consumers. It will take all necessary steps to mitigate the impact of these new measures," it added.
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