PETALING JAYA: Although the reciprocal tariff to be imposed on Malaysia by the United States is not significantly expected to dent the country’s economy for now, economists say the government should step up its trade and investment with Asean and other regions to offset any potential drop in exports to the world’s largest economy.
They noted at present the country’s economic fundamentals were intact, owing to its diversified economy, strong domestic demand, robust public and private investments amid the looming global recessionary risks from the tariffs.
