
KUALA LUMPUR (July 8): Malaysia will continue to talk to the US to address outstanding issues, clarify the scope and impact of the announced tariffs, and work towards concluding negotiations.
“Malaysia is committed to continuing engagement with the US towards a balanced, mutually beneficial, and comprehensive trade agreement,” the Ministry of Investment, Trade and Industry (Miti) said in a statement.
Miti's statement was a response to the US' latest announcement regarding a 25% reciprocal tariff rate on Malaysian exports, set to take effect on Aug 1, 2025.
Miti said it is dedicated to an ongoing "good faith" discussions with US counterparts.
The ministry added that Malaysia views "constructive engagement and dialogue" as the optimal approach to resolving concerns about trade imbalances and market access.
The US is Malaysia’s second largest trading partner and largest export destination, with total trade in 2024 rising nearly 30% to RM324.9 billion (US$71.4 billion). Exports to the US reached RM198.7 billion (US$43.7 billion), while imports rose to RM126.3 billion (US$27.7 billion).
Miti said the country views unilateral measures as potentially disruptive to business operations, supply chains, and investment flows that benefit both countries.
'Malaysia strongly believes that together, we can find mutually acceptable solutions that safeguard the interests of both our countries and our peoples, while ensuring that bilateral trade and investment remain a positive force for sustainable economic development," it added.
Read also:
Rubio heads to Malaysia for Asean summit under shadow of US tariffs
Zafrul: Miti to hold press conference to address latest US’ tariff
Trump formally notifies Malaysia of 25% tariff hike in letter to PM, urging reciprocity in trade
Trump issues new tariff rates, but still open to negotiations