KUALA LUMPUR (AFP) – Malaysia will dispatch officials to Washington to commence discussions on trade tariffs, Prime Minister Anwar Ibrahim said yesterday, after United States (US) President Donald Trump imposed a hefty 24-per-cent levy on imports from the country.
While acknowledging that there may be limited room “to revisit the underlying intent” of the tariffs, Anwar said there was still scope to adjust the policy’s implementation.
“We do not believe in megaphone diplomacy,” Anwar told an investment conference.
“As part of our soft diplomacy of quiet engagement… we will be dispatching together with our colleagues in ASEAN our officials to Washington to begin the process of dialogue,” said Anwar, whose country currently chairs the bloc.
The 10 ASEAN member states, which count on the US as their main export market, were among those hardest hit by Trump’s levies.
“Malaysia’s trade with the US has long been a model of mutual gain. Our exports support not just growth here but high-quality jobs across the US,” Anwar said.
“This commercial relationship has served both countries well, but these measures may end up harming all.”
The investment conference Anwar addressed is part of a series of events lined up ahead of a meeting of ASEAN economics and finance ministers and central bank governors in the Malaysian capital of Kuala Lumpur this week to discuss how to respond to the US tariffs.
Manufacturing powerhouse and ASEAN member Vietnam was hit with a 46 per cent tariff on its exports to the US, while neighbouring Cambodia – a major producer of low-cost clothing for big Western brands – was slapped with a 49 per cent duty.
Other ASEAN nations hit with Trump’s heftiest tariffs are Laos (48 per cent), Myanmar (44 per cent), Thailand (36 per cent) and Indonesia (32 per cent).
Brunei is facing the same tariff rate as Malaysia (24 per cent) while the Philippines was hit with 17 per cent and Singapore with 10 per cent.
