Malaysia, US Tariffs
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Rubio to meet China's foreign minister in Malaysia
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12hon MSN
China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
Malaysia will continue negotiations with the US on a lower tariff rate despite being the only Southeast Asian country to face an opposite outcome based on US President Donald Trump’s latest announcement.
The slew of tariffs announced by the United States will not backfire, nor will it strain ties between Asean and the United States, says Secretary of State Marco Rubio.
Rubio reiterates to Anwar that Malaysia remains an important US partner and Washington is keen to boost cooperation with Asean.
Malaysia's trade ministry on Tuesday said a 25% tariff rate on its exports to the United States was not on top of an existing base tariff of 10% imposed by Washington, clarifying earlier remarks by the country's plantations and commodities minister Johari Abdul Ghani.
WASHINGTON — President Trump will soon travel to China — likely to talk tariffs and other issues, Secretary of State Marco Rubio revealed Friday following a meeting with his counterpart from Beijing.
The country’s electronics sector may remain relatively insulated, but other industries could be forced to adapt. Read more at straitstimes.com. Read more at straitstimes.com.
Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to "act with purpose" and enhance trade among each other in the face of global uncertainty, as regional foreign ministers met amid renewed jitters over U.