Malaysia to Convene ASEAN Meeting on U.S. Tariffs
Malaysia will undertake an in-depth analysis of the recently implemented U.S. tariffs in the upcoming week, Prime Minister Anwar Ibrahim has announced. As the chair of ASEAN, Kuala Lumpur will convene a virtual meeting of the region's economic ministers to formulate a unified approach to address the situation. Anwar disputed the U.S. assertion that Malaysia applies a 47% tariff on American goods, describing the figure as inaccurate and fundamentally flawed. He stressed that Malaysia will not engage in retaliation but aims for a fair and constructive solution to safeguard market accessibility and boost investor confidence. A detailed examination sector by sector is planned to pinpoint the industries most impacted and devise suitable support measures. Furthermore, Malaysia intends to expedite vital economic reforms to enhance long-term resilience. Relevant Malaysian trade and foreign ministries are currently evaluating the tariffs' impact, conducting simulations, and engaging in discussions with U.S. officials and American businesses operating within the country.
The material has been provided by - RobotFX
Download NOW!
No comments:
Post a Comment