Tengku Zafrul: Malaysia makes trade concessions to US to keep exports flowing, protect 100,000 jobs
He explained that the United States remains Malaysia's largest export destination, with exports reaching RM198.65 billion in 2024, and is also a major source of foreign investment, contributing RM32.82 billion to date.
'..... Any changes in US trade policy cannot be taken lightly, as they could have a negative impact on Malaysia's economy.
'For example, it is estimated that up to 100,000 workers, particularly in Penang and Kedah, could be at risk of losing their jobs if electrical and electronic products can no longer be exported to the US due to high tariffs,' he told the Dewan Rakyat today.
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