Tariff Cut by US Won't Affect Malaysia's Commodity Competitiveness, Minister Says
He noted that the revised rate, down from the previous 25%, remains fair and on par with regional peers, including Indonesia, the world's top palm oil producer, which is also subject to the same tariff.
'Indonesia is number one, and we're number two in palm oil. They're also subject to a 19% tariff, so this is reasonable and fair,' he said when asked about the potential impact of the tariff on Malaysia's commodity exports.
The revised US tariff came into effect at 12:01am on Aug 1, 2025, with a seven-day grace period granted for goods already in transit to mitigate immediate supply chain disruptions.
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