U.S. President Donald Trump has imposed a 19% tariff on exports from Malaysia to the U.S., lower than the 25% rate he initially threatened in July. The rate was finalized in an executive order signed on July 31, just ahead of the August 1 deadline Trump set for countries to reach trade agreements with his administration.
According to Malaysia's trade ministry, the revised tariff was achieved without compromising the country's sovereign rights, as it held firm on several key "red line" issues.
The ministry described the outcome as a "significant achievement" resulting from sustained engagement with the U.S. and a careful, methodical negotiating approach.
Source: Trading Economics
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