Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
The duties on imports of galvanised iron coils or sheets or galvanised steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping duty investigation initiated on February 6, the investment, trade and industry ministry said in a statement.
"The government finds that there is sufficient evidence that the importation of the subject goods... is being dumped and that the investigation should be continued," it said.
The provisional duties be in effect from Monday for up to 120 days with a final determination to be made by November 3, the ministry said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Guardian
9 hours ago
- The Guardian
Trump to start TikTok sale talks with China, he says, with deal ‘pretty much' reached
Donald Trump has said he will start talking to China on Monday or Tuesday about a possible TikTok deal. The United States president said the US 'pretty much' had a deal on the sale of the TikTok short-video app. 'I think we're gonna start Monday or Tuesday ... talking to China – perhaps President Xi or one of his representatives – but we would, we pretty much have a deal,' Trump told reporters on Air Force One on Friday. Trump also said he might visit Xi Jinping in China or the Chinese leader may visit the US. The two leaders last month invited each other to visit their respective countries. Trump last month also extended a deadline to 17 September for China-based ByteDance to divest the US assets of TikTok, a social media app with 170 million users in the US. A deal had been in the works this spring to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said on Friday the US would probably have to get a deal approved by China. Asked how confident he was that Beijing would agree to a deal, he said: 'I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us.' Trump's June extension was his third executive order to delay the ban or sale of TikTok and gave ByteDance another 90 days to find a buyer or be banned in the US. Trump's first executive order giving TikTok a reprieve came on his first day in office – just three days after the supreme court ruled to uphold the ban. Trump issued the second executive order in April. The deadline for the sale or ban was then set for 19 June. Now, TikTok has until September. In a statement issued the same day, TikTok thanked Trump and JD Vance. 'We are grateful for President Trump's leadership', the statement said, and TikTok would 'continue to work with Vice President Vance's Office' to come to an agreement. Democratic senator Mark Warner, vice-chair of the Senate intelligence committee, accused Trump of sidestepping the law with an executive order. With reporting by Dara Kerr
The Guardian
18 hours ago
- The Guardian
Trump to start TikTok sale talks with China, he says, with deal ‘pretty much' reached
Donald Trump has said he will start talking to China on Monday or Tuesday about a possible TikTok deal. The United States president said the US 'pretty much' had a deal on the sale of the TikTok short-video app. 'I think we're gonna start Monday or Tuesday ... talking to China – perhaps President Xi or one of his representatives – but we would, we pretty much have a deal,' Trump told reporters on Air Force One on Friday. Trump also said he might visit Xi Jinping in China or the Chinese leader may visit the US. The two leaders last month invited each other to visit their respective countries. Trump last month also extended a deadline to 17 September for China-based ByteDance to divest the US assets of TikTok, a social media app with 170 million users in the US. A deal had been in the works this spring to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said on Friday the US would probably have to get a deal approved by China. Asked how confident he was that Beijing would agree to a deal, he said: 'I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us.' Trump's June extension was his third executive order to delay the ban or sale of TikTok and gave ByteDance another 90 days to find a buyer or be banned in the US. Trump's first executive order giving TikTok a reprieve came on his first day in office – just three days after the supreme court ruled to uphold the ban. Trump issued the second executive order in April. The deadline for the sale or ban was then set for 19 June. Now, TikTok has until September. In a statement issued the same day, TikTok thanked Trump and JD Vance. 'We are grateful for President Trump's leadership', the statement said, and TikTok would 'continue to work with Vice President Vance's Office' to come to an agreement. Democratic senator Mark Warner, vice-chair of the Senate intelligence committee, accused Trump of sidestepping the law with an executive order. With reporting by Dara Kerr
Reuters
18 hours ago
- Reuters
Vietnam Q2 GDP growth quickens on strong exports, US trade deal brightens outlook
HANOI, July 5 (Reuters) - Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products. Concerns over the Southeast Asian manufacturing hub's outlook had been growing in the run up to the trade deal announced on Wednesday, particularly as the United States is Vietnam's biggest export market. Gross domestic product growth in the April-June quarter accelerated to 7.96% year-on-year, from the 6.93% in the first quarter, government data showed on Saturday. It was just short of Hanoi's full-year growth target of at least 8%. "Economic performance in the first half of this year was positive and close to our target amid global and regional economic uncertainties," the National Statistics Office said. Exports were a bright spot in the last quarter, rising 18.0% to $116.93 billion from a year earlier, while imports were up 18.8% at $112.52 billion, translating into a trade surplus of $4.41 billion, the NSO data showed. Industrial production in the period rose 10.3%, while June consumer prices rose 3.57%. Trump announced on Wednesday the United States and Vietnam reached a trade deal, under which Vietnamese goods would face a 20% tariff, with trans-shipments from third countries through Vietnam also facing a 40% levy. Vietnam could import U.S. products with a zero percent tariff. The tariff rates were lower than an initial 46% rate threatened by Trump in April. Vietnam hailed the deal as a boost for business and said negotiators were working to finalise details, as business groups awaited clarity on the finer points to assess the impact of the new tariffs. The United States is the largest export market for Vietnam, a regional manufacturing hub housing several multinational companies such as Samsung Electronics and Foxconn. The United States recorded a trade deficit of $123 billion with Vietnam last year, one of its highest globally. Vietnam is also home to several Chinese companies, which analysts said are likely the main targets for the 40% tariff on trans-shipments. China is Vietnam's largest two-way trading partner on which it relies heavily for components and materials for its manufacturing industries. Fitch Solutions said in a note on Friday that Vietnam's exports and investment will remain strong for the rest of the year and signalled upside risks for its 2025 GDP growth forecast of 6.4%. "With the new 20% tariff, we think the government will speed up industrial upgrading and shift exports from low-margin goods to higher value-added products such as semiconductors," it said in a note. Dominic Scriven, founder and chairman of investment firm Dragon Capital, said the trade deal is "net-positive" and the potential GDP hit is less severe than feared. "With external trade risk now moderating, attention can return to the country's core growth engine, the domestic and private sector economy," he said.
