Still early discussions but US may reduce 24pct tariff, Anwar says

PARLIAMENT | The United States government has agreed to further talks with Malaysia on the surprise reciprocal tariff, said Prime Minister Anwar Ibrahim.

Although discussions are in the early stages, he said there is a likelihood the US will reduce the 24 percent reciprocal tariff imposed on Malaysia.

“It must be reiterated that the process is still in the early stages without any agreement finalised by the two parties.

“Neither Malaysia nor the US has made any final commitments,” he said during a special meeting in the Dewan Rakyat today.

He also said all ongoing discussions are subject to a non-disclosure agreement in line with international practices when the issues are of strategic interests and are sensitive.

“If there are policy recommendations that require approval, it will go through a comprehensive review process, including at the cabinet level and, if required, tabling in Parliament,” he added.

On April 24, Investment, Trade, and Industry Minister Tengku Zafrul Abdul Aziz led a delegation to Washington, DC, for a high-level meeting with US Secretary of Commerce Howard Lutnick dan US Trade Representative Jamieson Greer to address the tariff issue.

During the meeting, Zafrul stressed the importance of continuous discussions and reiterated Malaysia’s openness to finding constructive solutions in addressing US concerns.

- Bernama

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