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Malaysia Accepts 10% US Tariff Floor as Zero Tariff Hopes Fade
Malaysia Accepts 10% US Tariff Floor as Zero Tariff Hopes Fade
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Malaysia has conceded that a 10% US tariff represents the new baseline, with Investment Minister Tengku Zafrul Aziz confirming the demise of zero-tariff aspirations during recent negotiations. This recalibration signals a strategic pivot in Malaysia’s trade policy, particularly as Southeast Asian tariffs threaten to spike to 49% for certain sectors.
The minister underscored the importance of securing rates below maximum proposed levels, framing such outcomes as critical economic wins. "Even marginal reductions from peak proposals create tangible advantages," Aziz noted, highlighting the delicate balance between concession and opportunity in global trade dynamics.
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