US tariff cut to ease pressure on Malaysia's high-tech exporters
He said the previous rate had posed economic concerns, particularly for Malaysia's semiconductor and electrical and electronics (E&E) sectors, which are key contributors to exports.
"We negotiated for months because the 25 per cent tariff was too high. Alhamdulillah, it has now been reduced to 19 per cent.
"If it had remained at 25 per cent, it would have badly affected our economy, as Malaysia is a hub for semiconductors and E&E in Asia," he said.
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