Malaysia optimistic of cutting Trump's 25% tariff threat to under 20%
Prime Minister Anwar Ibrahim will speak with Trump 'when we complete the negotiations,' Zafrul told
Bloomberg . The US president has threatened a 25 per cent levy – separate from sectoral tariffs – unless the
Southeast Asian nation reaches an agreement with his administration.
'The direction is to get to as low as possible,' Zafrul told reporters. 'I think we can get to a number which we feel is fair for both parties.'
Malaysia isn't ready to close negotiations yet as it is still finalising details with the US, Zafrul said.
The government is seeking to lower tariffs to about 20 per cent, but is reluctant to meet certain demands around electric vehicles and foreign ownership, Bloomberg reported this week, citing people familiar with the matter.
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