Malaysia to seek talks over US tariffs, rules out retaliation: trade ministry
As it braces for a 24% US tariff on exports, the South-east Asian country is opting to pursue dialogue and cooperation in high-tech sectors such as semiconductors and aerospace
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[KUALA LUMPUR] Malaysia will seek diplomatic solutions, prioritising dialogue with the US authorities on its tariff policies, and will not consider retaliatory tariffs for now, said the Ministry of Investment, Trade and Industry (Miti) on Thursday (Apr 3).
The country will be hit with a 24 per cent tariff on exports to the US starting Apr 9, under Washington’s latest trade measures against nations with large trade surpluses.
While taking the tariffs “seriously”, Malaysia will not impose retaliatory measures, the ministry said in a statement, adding that it is in talks with US officials to find “solutions that uphold the spirit of free and fair trade”.
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