Malaysia is bracing for the possibility that US President Donald Trump’s tariffs will leave a lasting impact on its economy for years to come, given that nearly all of its trading and investment partners will be affected by the new regime.
The government is taking measures to address the tariffs’ impact, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. These include setting up a task force to gather feedback from stakeholders, assessing the impact on industries and continuing its engagement with Washington, he said. Zafrul is seeking meetings with US officials by month-end.
