KUALA LUMPUR – Malaysia will continue discussions with the United States in good faith to address concerns over new tariffs and pursue a balanced, mutually beneficial trade agreement, said the Investment, Trade and Industry Ministry (Miti).
The ministry said it aims to clarify the scope and impact of the 25% reciprocal tariff on Malaysian exports to the US, which is set to take effect on August 1, 2025, and to work towards a fair and sustainable outcome for both countries.
“Miti will continue discussions with its US counterparts in good faith to address outstanding issues, clarify the scope and impact of the announced tariffs, and pursue avenues for the timely conclusion of our negotiations,” it said in a statement today.
“While we acknowledge the concerns raised by the US regarding trade imbalances and market access, we believe constructive engagement and dialogue remain the best path forward.”
Miti added that Malaysia values its longstanding trade ties with the US and is committed to protecting the interests of local businesses, workers and consumers.
“Malaysia strongly believes that, together, we can find mutually acceptable solutions that safeguard the interests of both countries and peoples, while ensuring that bilateral trade and investment continue to be a positive force for sustainable economic development.”
This comes after US President Donald Trump made the announcement on his social media platform Truth Social, in which he included a letter to Prime Minister Datuk Seri Anwar Ibrahim.
The US is Malaysia’s second-largest trading partner and top export destination, with total trade in 2024 rising nearly 30% to RM324.9 billion (US$71.4 billion). Exports totalled RM198.7 billion (US$43.7 billion), while imports reached RM126.3 billion (US$27.7 billion). – July 8, 2025